Forbes evaluation of team worth seems to be a little off when compared to these sale prices. (Braves and the potential Cubs sale) http://www.forbes.com/lists/2006/04/17/06mlb_baseball_valuations_land.html Yeah I don't see the Braves being worth $400M when they were just bought for three times that. Those estimates all seem a little low, and I think the top end teams are, in some cases, worth considerably more than what they were appraised at. The Braves were sold for $1.2 billion? When did that happen? http://sports.espn.go.com/mlb/news/story?id=2764181 I think that total is misleading because there were stock shares changing hands as well.... Yeah. I don't think the Braves were priced anywhere near that. From the article it looks like Liberty Media gave up $1.27 billion in Time Warner shares in return for Braves, some magazines, and 1 billion in cash. Did I misread that? That's what it looks like to me, so it looks like this was a stocks for Braves trade.