Where's the fun in the sale of the Braves?

John Helyar misses the Ted Turner era and laments the soullessness of the asset-swap acquisition of the Atlanta Braves by Liberty Media.

Originally Published: February 15, 2007
By John Helyar | ESPN.com

At first glance, the pending sale of the Atlanta Braves is a deal only a tax attorney could love. Liberty Media gets the Braves, $1 billion in cash and -- who knows? -- maybe a junk bond to be named later. In return, Time Warner gets back a chunk of its stock held by Liberty Media. The beauty of this complex asset swap: tax free!

Turns out, though, the deal even bums out tax attorneys -- at least those who also happen to be Braves fans.

"I do admire the elegance of the structure," ...

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