ATLANTA (AP) -Baseball commissioner Bug Selig hopes the proposed sale of the Atlanta Braves will be finalized next month.
Time Warner Inc. is selling the team to Colorado-based Liberty Media Corp. as part of a complex deal reached in February that values the team at $461 million.
``We're having intense discussions with all parties,'' Selig said Thursday during a meeting in New York with the Associated Press Sports Editors. ``There are some open items yet, but I think we're moving. We're moving hopefully toward a resolution.''
The deal must be approved by the baseball owners. They are scheduled to meet May 16-17 in New York.
``One would hope that we're done by then,'' Selig said.
Time Warner is expected to transfer the Braves, a group of craft magazines and $1 billion in cash to Liberty in exchange for about $1.27 billion in Time Warner shares owned by the Colorado company.
The agreement, which was designed to minimize taxes, must be approved by three-fourths of the baseball owners.
The Braves front office is expected to remain largely intact, with Atlanta-based president Terry McGuirk continuing to run the team and John Schuerholz staying on as general manager.

Top MLB Public Bets

MLB Top Stories

Thumbnail Astros vs. Indians Pick Will the Cleveland Indians find a way to close out a series win over the Houston Astros when the two meet up tonight at 6:10PM...
Thumbnail Dodgers vs. Giants Prediction Will the series finale between the Dodgers and Giants be low-scoring for bettors at 3:45PM ET?
Thumbnail Nationals vs. Rockies Prediction Is the over a good bet in today's Nationals and Rockies game at 3:10PM ET?
Thumbnail Blue Jays vs. Cardinals Prediction Following a rainout on Wednesday, will the under cash today when the Cardinals host the Blue Jays at 1:45PM ET?
Thumbnail Braves vs. Mets Prediction Even with Noah Syndergaard toeing the rubber for the Mets, will the over cash when New York hosts the Braves at 1:10PM ET?

MLB Team Pages