Braves, like many MLB teams this offseason, are likely to reduce player spending for '21 seasonGETTY IMAGES
The Braves "took more economic hits from the coronavirus pandemic in the July-through-September quarter," as revenue for Q3 "declined 48%, falling to $110 million from $212 million in the same period last year," according to Tim Tucker of the ATLANTA JOURNAL-CONSTITUTION. These results "did nothing to alter expectations that many MLB teams, including the Braves, are likely to reduce spending on players during the offseason." Liberty Media's Q3 financial report showed that the Braves' operating profit before depreciation and amortization "declined 87% in the July-through-September quarter, sinking to $6 million from $46 million in the corresponding period in 2019." The club posted operating losses of $51M "before depreciation and amortization for January through June." The Braves' Q3 revenue "came mostly from local and national broadcast rights, sponsorships and various shared MLB income streams." The club also generated $8M in revenue during the quarter "from The Battery Atlanta, primarily from rental income, $1 million less than in the same period last year." Liberty Media signaled that the Braves' fourth-quarter financial results, which will be released early next year, "won't benefit from the team's postseason run" (ATLANTA JOURNAL-CONSTITUTION, 11/6).
