The Atlanta Braves have a brand-new capitalist and it’s a name that lots of people will certainly identify.
Billionaire Warren Buffett and his holding firm Berkshire Hathaway bought a tiny financial investment in Atlanta Braves Holding Incorporated supply, Reuters reported on Wednesday.
Atlanta Braves Holding Inc. is listed on one of the most recent filings submitted to the Securities and Exchange Compensation filings today. The filing reveals that Berkshire Hathaway got over 200,000 shares for just under $8 million.
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Even if you aren’t a billionaire like Buffett, anybody can buy supply in the Atlanta Braves.
Previously, you could only purchase shares under the Freedom Media holdings. Yet previously this year, the Braves’ proprietor announced it would split the Braves and The Battery entertainment area into their own supply: Atlanta Braves Holding Incorporated.
The group’s supply is noted on the Nasdaq Stock Exchange under the signs “BATRA” and “BATRK.” The Braves stated they are currently the first openly traded Major League Baseball group in 25 years.
“It’s an unique novelty where if you’re a follower of this team, you can also become an owner of the group and own supply. That in a way is extremely exciting,” Braves CEO Derek Schiller said.