BATRA News & Events

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."

Fenway Sports Group has reached a deal in principle to sell the National Hockey League's Pittsburgh Penguins to the Chicago-based Hoffman family, ESPN's Emily Kaplan reports, citing sources. The deal, whish is pending approval by the league's board of governors, is anticipated to have a final sale price of $1.7B-$1.8B, the author says, citing league sources. Fenway Sports Group, which also owns Major League Baseball's Boston Red Sox and the Premier League's Liverpool FC, purchased a controlling interest in the Penguins in 2021 for $900M, Kaplan notes. Publicly traded owners of sports franchises include the Liberty Braves Group (BATRA), MSG Sports (MSGS) and Manchester United (MANU).