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Liberty Media plans to issue "tracking stock" for the Atlanta Braves and its revenue/cost sharing in the new stadium. This is interesting, as the shares offer zero ownership in the Braves, but allows for participation in the revenue generated by the team.
My assumption is the Braves will suck in 2016 and, probably (unless Hart goes on a shopping spree), in 2017. Since the shares only allow participation in revenues, does that mean the stock will lose value consistently in 2016/17? Will the price be driven up in Spring Training 2018, in anticipation of new revenue streams from the stadium or possibly playoff merchandise?
Will speculators buy/sell shares based upon trades/acquisitions of the club?
Will the shares go belly up like most tracking stock did during the tech bubble in 2001-2003?
My assumption is the Braves will suck in 2016 and, probably (unless Hart goes on a shopping spree), in 2017. Since the shares only allow participation in revenues, does that mean the stock will lose value consistently in 2016/17? Will the price be driven up in Spring Training 2018, in anticipation of new revenue streams from the stadium or possibly playoff merchandise?
Will speculators buy/sell shares based upon trades/acquisitions of the club?
Will the shares go belly up like most tracking stock did during the tech bubble in 2001-2003?
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