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  • Braves’ finances hit hard: 95% drop in revenue; employee pay cuts

    08/10/2020 5:55:09 PM PDT · by Mariner · 71 replies
    The Atlanta Journal Constitution ^ | August 10th, 2020 | By Tim Tucker
    Braves owner Liberty Media disclosed the team’s second-quarter financial results Monday, revealing dramatic losses that underscore the impact of the coronavirus pandemic on the sports and live-events industries. The Braves’ revenue plunged 95% in the April-through-June quarter, compared with the same period a year ago, falling from $208 million to $11 million. The team posted an operating loss before amortization and depreciation of $26 million for the quarter, compared with a profit of $62 million in the same period last year.