Atlanta Braves Holdings, Inc.

Development of Business Atlanta Braves Holdings, Inc. ( Atlanta Braves Holdings, the Company, us, we, or our ) is primarily comprised of Braves Holdings, LLC ( Braves Holdings ), a wholly-owned subsidiary, and corporate cash. On July 18, 2023, Liberty Media Corporation ( Liberty or Liberty Media ), the then current parent organization of the Company, completed the previously announced redemption of each outstanding share of its Liberty Braves common stock in exchange for one share of the corresponding series of common stock of a newly formed entity, Atlanta Braves Holdings (the Split-Off ). The Split-Off was intended to be tax-free to holders of Liberty Braves common stock and in September 2024, the Internal Revenue Service completed its review of the Split-Off and notified Liberty that it agreed with the non-taxable characterization of the transaction. The intergroup interests in the Liberty Braves Group held by subsidiaries of Liberty prior to the Split-Off were settled through attribution of Atlanta Braves Holdings Series C common stock and subsequently sold in the secondary market. Atlanta Braves Holdings did not receive any of the proceeds from the sale of our common stock by these subsidiaries of Liberty. Following this transaction, neither Liberty nor Atlanta Braves Holdings has any continuing stock ownership, beneficial or otherwise, in the other.