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“Since the Braves are owned by the publicly-traded Liberty Media corporation, they are the only team in baseball required to disclose their finances, providing some insight into how the COVID-19 pandemic impacted business. Liberty Media revealed the particulars on Friday (Tim Tucker of the Atlanta Journal-Constitution has the details), with the Braves accounting for an operating loss of $49MM before depreciation and amortization in 2020. In terms of pure revenues, the club generated $178MM.
As one might expect, these numbers each represent a significant decline from the Braves’ financial picture just one year ago. In 2019, the Braves generated $476MM in revenues and had a $54MM profit (before depreciation and amortization). The Braves also added $115MM in debt thanks to construction costs in and around Truist Park and at their new Spring Training complex, bringing their total debt to $674MM at the end of 2020.”