Atlanta Braves under new ownership

The sale of the Atlanta Braves is now official. Ownership of the franchise has changed hands, from Time Warner to Liberty Media. The deal valued at 450-million dollars was approved Wednesday evening by Major League baseball owners. In the deal, the Braves along with a group of craft publications and one-billion dollars in cash goes to Liberty Media. In return, Time Warner gets about 60-million shares of its' own stock.

The Braves were run by Ted Turner from 1976 until 1996 when Time Warner acquired the team in a merger with Turner Broadcasting.

Baseball commissioner Bud Selig said the Braves' management structure will stay the same, including general manager John Scherholz and manager Bobby Cox remaining in their current roles.

Georgia sports for Wednesday, May 16th

The Braves got back into the win column with a 6-2 win over the Nationals in Washington DC last night. Shortstop Edgar Renteria had a pair of home runs among his 3 hits. Tim Hudson on the mound turned in another solid performance, with 3 hits allowed over 7 innings. Hudson improved his record to 5-1. The Braves play the 3rd game in this series tonight with Kyle Davies on the hill.

Off the field, the sale of the Braves might be approved later today. Major League Baseball owners have a late-afternoon meeting to vote on the issue. The deal would send the Braves franchise, a group of publications and one billion dollars in cash from Time Warner to Liberty Media. In return, Time Warner would get back a huge amount of its' own stock.