Leadoff: Braves’ stock price rises amid scandal


Good morning. This is LEADOFF, an early look at Atlanta sports.

Investors have shrugged off the scandal enveloping the Braves and have pushed the team’s stock price higher the past two days. 

The Braves’ shares (ticker symbol BATRA) rose about 3.5 percent Monday and Tuesday, including 1.75 percent since the news broke early Monday afternoon of general manager John Coppolella’s resignation.

The stock was up 71 cents per share Monday, including 28 cents after the news, and rose another 17 cents Tuesday to close at $26.25. 

The rise came as a player-procurement rule-breaking scandal tarnished the Braves’ image, brought questions about the franchise’s executive leadership and forced Coppolella’s exit. 

The increase in the Braves’ stock price under the ugly circumstances seems to underscore that investors are mostly  focused on the rising value of MLB teams in general – a trend evidenced by the recent sale of the Miami Marlins for $1.2 billion – and the Braves’ real-estate holdings.

Braves owner Liberty Media issued the tracking stock in April 2016. The stock trades on the Nasdaq exchange. 

Tuesday’s closing price was near the stock’s 52-week high of $26.52. The 52-week low was $16.52. 

Meanwhile, the MLB playoffs began Tuesday without the Braves for the fourth consecutive year. The Braves haven’t won a playoff series in 16 years.

ICYMI ...

The NBA announced a drastic new format to the All-Star game Tuesday, eliminating the matchup of Eastern versus Western conferences. The game, to be played in Los Angeles this season, will pit two teams drafted by captains from a pool of players voted as starters and reserves.   See Chris Vivlamore’s story here.

On the Falcons’ bye week, D. Orlando Ledbetter lists five things that have gone right in the team’s first four games. And five things that have gone wrong.


Reader Comments ...


Next Up in Sports

Erick All commits to Michigan: Wolverines add tight end from Ohio
Erick All commits to Michigan: Wolverines add tight end from Ohio

Michigan finally has its tight end in the 2019 class — Fairfield (Ohio) 3-star prospect  Erick All. “It’s just a great place that I really think can take me a long way,” All told Land of 10. “I felt like I fit in there after meeting all the coaches and players.” The 6-foot-4, 225-pound...
West Virginia lands commitment from Virginia tackle Donavan Beaver
West Virginia lands commitment from Virginia tackle Donavan Beaver

West Virginia football’s 2019 commitment list now sits at six. On Sunday, promising Massaponax (Fredericksburg, Va.) tackle Donavan Beaver announced his future plans to play for the West Virginia Mountaineers. A 6-foot-6, 275-pound tackle, Beaver comes from a Northern Virginia recruiting area that West Virginia hasn’t often...
How one of LSU’s top signees can be called ‘Fat’ despite being only 185 pounds
How one of LSU’s top signees can be called ‘Fat’ despite being only 185 pounds

BATON ROUGE, La. — Kelvin Joseph is quite possibly the world’s most athletic fat guy. At 6-foot-1 and 185 pounds, he’s actually fit rather than fat. But one cannot escape their own past so easily, and Joseph has been carrying a burden since he was born. Because of his size at that time, his family dubbed him “Fat...
Mississippi State lands commitment Louisiana CB Greg Brooks Jr.
Mississippi State lands commitment Louisiana CB Greg Brooks Jr.

Mississippi State’s pursuit of Louisiana recruits was taken up a notch over the weekend. The Bulldogs poached cornerback Greg Brooks Jr. following an unofficial visit to campus on Saturday. Brooks, a versatile defensive back, is ranked as a 4-star cornerback by Rivals.com. The 5-foot-10, 180-pound prospect from West Jefferson (La...
How 4-star DE John Waggoner picked Iowa late in the recruiting process
How 4-star DE John Waggoner picked Iowa late in the recruiting process

As part of the Next Generation series that looks at the players about to join the Hawkeyes, Land of 10 Iowa reporters Scott Dochterman and Bobby La Gesse examine the recruiting process for members of the class. Up on this Sunday is Dowling Catholic 4-star defensive end John Waggoner. John Waggoner expected to shut...
More Stories