Atlanta Braves announces offering of 1.81M shares of common stock for holders

Atlanta Braves Holdings announced a proposed secondary public offering of 1.81M shares of its Series C common stock currently held by Liberty Media Corporation. Liberty Media expects to exchange the shares for certain indebtedness of Liberty Media held by an affiliate of J.P. Morgan Securities prior to the closing of the offering. The selling stockholder then expects to sell the shares to the underwriter in the offering. Atlanta Braves Holdings is not selling any shares of its common stock and will not receive any of the proceeds from the sale of the shares by the selling stockholder in the offering. J.P. Morgan Securities is acting as underwriter for the offering.