BATRA News & Events

At least four potential majority buyers have expressed interest in acquiring the NFL's Seattle Seahawks, including Meta (META) founder and CEO Mark Zuckerberg and Apple (AAPL) CEO Tim Cook, who recently said he would step down from the role, Front Office Sports' Ben Horney reports. Five sources familiar with the matter told Front Office Sports that the Facebook founder is weighing a bid, while four sources told Horney that Cook is separately considering an offer. Publicly traded owners of sports franchises include the Liberty Braves Group (BATRA), MSG Sports (MSGS) and Manchester United (MANU).

The San Diego Padres are close to a sale to private-equity billionaire Jose Feliciano and his wife Kwanza Jones at a value near $3.9B, which would be $1.5B higher than Steve Cohen's $2.4B purchase of the New York Mets in 2020, people familiar with the matter told The Wall Street Journal's Jared Diamond and Miriam Gottfried. Publicly traded owners of sports franchises include the Liberty Braves Group (BATRA), MSG Sports (MSGS) and Manchester United (MANU).

Reports Q4 adjusted OIBDA $3.5M vs. OIBDA loss $3.76M last year. The company said, "Operating loss increased in the fourth quarter compared to the prior year due to the contract asset impairment associated with the termination of a long-term local broadcasting agreement. Adjusted OIBDA increased in the fourth quarter compared to the prior year as revenue growth and a reduction in Baseball operating costs more than offset increases in Mixed-Use Development costs and selling, general, and administrative expenses."