ATLANTA (AP) - The Atlanta Braves were a flop on the field.
Maybe they’ll fare better on Wall Street.
The team’s owner, Liberty Media, is planning to offer a tracking stock that allows fans to invest in the Braves’ financial performance, separate from the rest of the company. Liberty will also offer two other tracking stocks, one for its stake in satellite radio provider Sirius XM and another for its remaining businesses, including Live Nation Entertainment.
The “Liberty Braves Group” stock includes the team and its interests in new SunTrust Park, which is opening in 2017, and an adjacent mixed-used development that includes a hotel, office tower and retail space.
A tracking stock does not provide an actual stake in the team.
The Braves went 67-95 this past season, their worst since 1990.
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