Friday, February 24, 2006
Report: Blank still interested in Braves
02/15/2006
ATLANTA -- Arthur Blank still has a great interest in purchasing the Braves, according to Wednesday's edition of The Atlanta Journal-Constitution.
Since it was announced in December that the Braves were for sale, Blank has had a number of meetings with Time Warner executives. According to the report, the most recent discussion between the parties occurred Tuesday.
But multiple Time Warner officials have told MLB.com and the AJC that a deal with Blank isn't imminent.
Shirley Powell, Turner Broadcasting's senior vice president of corporate communications, said in the report, "As we have previously stated, we are in the process of exploring the sale of the Atlanta Braves and have received significant interest in the franchise."
She added: "We are not nearing any final decision or announcement at this time," she said.
Blank has been told that Time Warner's asking price for the team is $400 million. The talks haven't reached a point to where he's made an offer.
Before selling the team, Time Warner will likely wait until Major League Baseball approves more potential buyers. Blank, who founded Home Depot and currently owns the Atlanta Falcons, was approved in January.
Time Warner would like to sell the Braves and Turner South. But it doesn't appear Blank is interested in purchasing the regional cable network.
Source: http://atlanta.braves.mlb.com/
ATLANTA -- Arthur Blank still has a great interest in purchasing the Braves, according to Wednesday's edition of The Atlanta Journal-Constitution.
Since it was announced in December that the Braves were for sale, Blank has had a number of meetings with Time Warner executives. According to the report, the most recent discussion between the parties occurred Tuesday.
But multiple Time Warner officials have told MLB.com and the AJC that a deal with Blank isn't imminent.
Shirley Powell, Turner Broadcasting's senior vice president of corporate communications, said in the report, "As we have previously stated, we are in the process of exploring the sale of the Atlanta Braves and have received significant interest in the franchise."
She added: "We are not nearing any final decision or announcement at this time," she said.
Blank has been told that Time Warner's asking price for the team is $400 million. The talks haven't reached a point to where he's made an offer.
Before selling the team, Time Warner will likely wait until Major League Baseball approves more potential buyers. Blank, who founded Home Depot and currently owns the Atlanta Falcons, was approved in January.
Time Warner would like to sell the Braves and Turner South. But it doesn't appear Blank is interested in purchasing the regional cable network.
Source: http://atlanta.braves.mlb.com/
