Apr. 21 at 5:33 PM
$BATRK $BATRA Comparing the Braves and Padres valuations:
Braves: The Braves have a "six-state territory" coverage, supported by the new "Braves Vision" platform, indicating a high volume of engaged viewers across the Southeast. The team is noted for having a massive, nationwide market share, with discussions often focusing on a fanbase exceeding 30 million.
Padres: The Padres compete with the Dodgers/Angels and have a concentrated fan base in SoCal of about 12.5 million. Based on the sales price of
$3.9B, that works out to a price paid of
$312 per fan.
Applying the same price/fan valuation to the Braves, that is
$312 per fan X 30M fans =
$9.36B. That works out to a value of
$148.57 per share for the Braves!