Three Atlanta sports teams' future in question
By
Posted 3:26PM on Thursday, January 30, 2003
ATLANTA - Ted Turner's surprise announcement that he is retiring as AOL Time Warner's vice chairman resurrects speculation about the future of the company's three sports teams.<br>
<br>
Analysts have speculated that AOL Time Warner will be looking to raise cash by selling the Atlanta Braves, who have won eleven straight division titles but are plagued by declining attendance.<br>
<br>
Forbes magazine estimated two years ago that the team was worth $407 million.<br>
<br>
Stan Kasten - who is president of the Braves, Hawks and Thrashers - wouldn't discuss a possible sale of the teams, saying that is up to corporate headquarters.
