The Gabelli Small Cap Growth Fund on Atlanta Braves Holdings Inc.
Thesis
Gabelli views Atlanta Braves Holdings as a scarce sports and real-estate asset built around the Braves franchise and The Battery development. Long-term franchise values could benefit from renewed global interest in baseball, growing media revenue, and a possible salary cap after the 2026 season. The 2023 split-off from Liberty Media also created a cleaner asset-backed structure that Gabelli believes could facilitate an eventual sale.
“Liberty split-off the Braves as an asset-backed company, which should facilitate an eventual sale.”