Braves' revenue falls 48% in third quarter; will payroll cut follow?
Braves' revenue falls 48% in third quarter; will payroll cut follow?

The Braves took more economic hits from the coronavirus pandemic in the July-through-September quarter, according to financial results disclosed Thursday by team owner Liberty Media.With a shortened schedule and no fans in the stands at Truist Park, the Braves’ revenue for the third quarter declined 48%, falling to $110 million from $212 million in the same period last year.“We, like many others in the baseball world, suffered a lot from the lack of in-person fans at events,” Liberty Media president and CEO Greg Maffei said on a conference call with investment analysts Thursday. “But I think c…

Read More

HEDGE accordingly