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Rhino5
Atlanta Braves Fan
Atlanta
Member since Nov 2014
17975 posts
 Online 

re: Braves Offseason - pitchers and catchers report 2/15
Can we please drop the Liberty Media narrative? From my understanding, Liberty views the Braves as an asset on their balance sheet. That's it. Period. They view it like this because the Braves earn a profit every year, and if Liberty ever needed some cash, then they have an asset they could sell in the Braves. They don't take money from them, they're not operationally involved.... the Braves are an asset and that's it. Same if you owned a rental house but didn't take any profits from it, but if you needed to sell it you could take the money from it.




devils1854
Winthrop Fan
Nashville
Member since Aug 2014
4156 posts
 Online 

re: Braves Offseason - pitchers and catchers report 2/15
quote:

Can we please drop the Liberty Media narrative? From my understanding, Liberty views the Braves as an asset on their balance sheet. That's it. Period. They view it like this because the Braves earn a profit every year, and if Liberty ever needed some cash, then they have an asset they could sell in the Braves. They don't take money from them, they're not operationally involved.... the Braves are an asset and that's it. Same if you owned a rental house but didn't take any profits from it, but if you needed to sell it you could take the money from it.


100% correct

By law, Liberty cannot take money from the Braves, nor can they give the Braves money. Thats why building the Battery and a new stadium was so important to the team. It gave them a new revenue stream to use.

If people want to be mad, be mad at McGuirk. He is the one in charge of everything.


Rhino5
Atlanta Braves Fan
Atlanta
Member since Nov 2014
17975 posts
 Online 

re: Braves Offseason - pitchers and catchers report 2/15
As far as Realmulto goes, I'm rather ticked with Anthopoulus after seeing the details of the trade with the Phillies:

Phillies get JT.

Marlins got the #21 rated overall MLB prospect, a fire baller righty pitcher, who sat out most of last year with shoulder inflamation. They also got a lefty Single A pitcher who has spent 4 seasons in the minors with a 3.20 ERA. Lastly they got a catcher who spent 8 seasons in the minors, 3 in the MLB. In 3 years he hit .260, 15 total HR's, and a strike out percentage of 38%.

So essentially Soroka, a very, very, very watered down Tyler Flowers, and Jasseel De La Cruz.


devils1854
Winthrop Fan
Nashville
Member since Aug 2014
4156 posts
 Online 

re: Braves Offseason - pitchers and catchers report 2/15
Here is a article about Liberty. Its not the one I was looking for, but it explains a lot

quote:

In simple language, Liberty Media and Time Warner could significantly reduce their overall tax hits (and avoid some capital gains taxes) by trading investments with each other and holding on to those investments for five years. Liberty Media had no interest in the Braves specifically. Liberty Media’s primary interest was divesting itself of a large chunk of falling Time Warner stock. But in a traditional sale, they would have paid close to 2/3 of the sale amount in various taxes. Because traded assets have their basis (cost, for lack of a better term) reassigned when changing hands, they could ‘swap’ $1.83B in assets with Time Warner and have a much, much smaller tax hit, provided certain conditions were met. Liberty Media wasn’t interested in the Braves; they were simply looking through Time Warner assets for one with an approximate value needed to balance out the deal.

Under tax law, if the deal went through, Liberty Media would be prohibited from selling the team for at least two years from the date of the sale without taking the very same tax hit the deal was designed to avoid. Also, since Liberty wasn’t purchasing a ‘company’, but was instead trading ‘investments’, they were prohibited from infusing cash into the ‘investment’. They couldn’t just send money from Liberty Media to the Braves (to increase payroll or pay operating expenses) because it is not allowed in this type of transaction.

Under securities law, Liberty Media was also limited from just sending money at will to the Braves. Liberty Media is a publicly traded company with a board of directors and shareholders and fiduciary responsibilities to those shareholders. The Braves are a non-essential, non-core part of the entire Liberty Media business group. For Liberty Media, sending money that should rightfully go back to shareholders (who bought into Liberty Media for their experience as a media company) could put them in a potentially very bad situation for neglecting those fiduciary responsibilities.


There were concerns with MLB, as well. First, the deal had to be approved by 3/4 of the owners. Some owners had expressed concerns to MLB that this was just an example of a huge corporate entity taking over an established, marketable, winning franchise with no interest in keeping it going. Secondly, there were concerns that Liberty Media would run the franchise into the ground and/or relocate it. So, MLB stepped in and drew up conditions on the Buy/Sell agreement. If the conditions were breached, MLB had the right to punish the franchise owners, potentially including termination of the franchise rights.

One of the conditions was that Terry McGuirk would continue as the CEO of the Braves, and he would be the final say in all matters operationally, just as he had been when Time Warner owned the team. Liberty Media also was contractually bound to keep payroll at least what it had been for the average of the three years previous (about ~$81M). But Liberty Media went a step further, and they basically told MLB (my paraphrasing here) ‘We have no interest in running the team, and we have no experience running a team. We’re going to let the baseball people – McGuirk and Schuerholz – run the team, because we don’t know how to do that. The Braves will operate entirely independent of Liberty Media, and they will survive or fail based on their own revenues generated.’ Liberty Media was also discouraged from relocating the team from the metro Atlanta area.



Essentially, and this is probably not the best explanation (but makes the point), Liberty Media owns the Braves in the same way that you own a mutual fund in your investment portfolio. You own it, it is your asset, but you can’t just go and run it the way you see fit.

The move to Cobb County is a way to get more competitive in a mid-market by increasing other non-TV revenues. There will be year round revenues from multiple sources, such as restaurants, bars, and lease agreements with local businesses. But, it all boils down to the Braves being a self-supporting entity. They run entirely on their own revenues, and if they want to be bigger players in the current baseball economy (i.e. have a higher payroll), they will need to increase revenues.


LINK /


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00
adp
New Orleans Saints Fan
Member since Jul 2015
1292 posts

re: Braves Offseason - pitchers and catchers report 2/15
Very uneventful offseason. I'd like to get another IF'er/utility guy. Possibly to fill in for Dansby. Really liked Flaherty.


VADawg
Atlanta Braves Fan
Jacksonville
Member since Nov 2011
16472 posts

re: Braves Offseason - pitchers and catchers report 2/15
quote:

Really liked Flaherty.


Either clueless or a troll


adp
New Orleans Saints Fan
Member since Jul 2015
1292 posts

re: Braves Offseason - pitchers and catchers report 2/15
Not trolling. I'm bad at rosters.


VADawg
Atlanta Braves Fan
Jacksonville
Member since Nov 2011
16472 posts

re: Braves Offseason - pitchers and catchers report 2/15
You're a Saints fan who constantly shits on Atlanta. Good try, though.


adp
New Orleans Saints Fan
Member since Jul 2015
1292 posts

re: Braves Offseason - pitchers and catchers report 2/15
I had a stadium debate. That's it. Never talked shite about the Falcons.


VADawg
Atlanta Braves Fan
Jacksonville
Member since Nov 2011
16472 posts

re: Braves Offseason - pitchers and catchers report 2/15
Well, Flaherty had a good month last season and then was a well below average player for the rest of the season. He was apparently a popular clubhouse guy but was absolutely not worthy of being on a major league roster, especially a playoff roster. Through 18 games, he was hitting .362 and led the league in batting average. He finished at .217 with a -0.8 WAR. The Indians signed him to a minor league contract this offseason.

He went from July 7 - September 27 without a hit.
This post was edited on 2/8 at 9:11 pm


JCdawg
Georgia Fan
Marietta, GA
Member since Sep 2014
4165 posts

re: Braves Offseason - pitchers and catchers report 2/15
LINK /

"Braves think their fans are idiots" -NBC sports


I can't believe nobody has posted this yet.
This post was edited on 2/14 at 2:21 pm


BigDave1967
Tennessee Fan
Tennessee
Member since Dec 2018
117 posts

re: Braves Offseason - pitchers and catchers report 2/15
The Braves ownership is like the Chicago Cubs ownership was from the 1950s-2000s when they didn't give a damn about winning because they made a big profit anyway without going out of their way to try to build a winner. The Braves will win 85-86 games and not be close to a Wildcard spot in the Playoffs and Manager Brian Snitker will pay for that by losing his job.
This post was edited on 2/14 at 1:39 pm


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20
Wally Sparks
Georgia Tech Fan
Atlanta
Member since Feb 2013
19010 posts

re: Braves Offseason - pitchers and catchers report 2/15
McGuirk needs to go take a long walk off of a short pier.


VADawg
Atlanta Braves Fan
Jacksonville
Member since Nov 2011
16472 posts

re: Braves Offseason - pitchers and catchers report 2/15
quote:

McGuirk needs to go take a long walk off of a short pier.


Seriously. frick that guy. I wouldn't shed a tear if he went for a swim in Lake Sinclair with cinderblocks tied to his feet.


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30
RD Dawg
Georgia Fan
Atlanta
Member since Sep 2012
11874 posts

re: Braves Offseason - pitchers and catchers report 2/15
quote:

If people want to be mad, be mad at McGuirk


Correct,the payroll starts and stops with him.

McJerk was his nickname at Turner...he was Ted's tennis partner back in the day and was never respected or liked by any of the senior officers down there.


JCdawg
Georgia Fan
Marietta, GA
Member since Sep 2014
4165 posts

re: Braves Offseason - pitchers and catchers report 2/15


BigDave1967
Tennessee Fan
Tennessee
Member since Dec 2018
117 posts

re: Braves Offseason - pitchers and catchers report 2/15
The Braves fans need to protest this by not going to Braves home games. The ownership of the Braves will get the message from a Suntrust Park that's mostly empty every home game.


tylerdurden24
Georgia Fan
Member since Sep 2009
37708 posts

re: Braves Offseason - pitchers and catchers report 2/15
quote:

Georgia Sports Now @GASportsNow

Craig Kimbrel was just spotted in the Orlando airport??


devils1854
Winthrop Fan
Nashville
Member since Aug 2014
4156 posts
 Online 

re: Braves Offseason - pitchers and catchers report 2/15
Don’t forget the Folty Flash sale today.

Grabbed two for the day game against the Padres in May.


Huge Richard
Atlanta Braves Fan
Member since Dec 2018
803 posts

re: Braves Offseason - pitchers and catchers report 2/15
This Kimbrel at the airport shite is hilarious


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