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 Rangers vs. Yankees Pick The Texas Rangers look to grab another win over the New York Yankees tonight when they meet at 7:05PM ET.
Thumbnail Blue Jays vs. Rockies Pick Being at home, will the Colorado Rockies manage to outscore the Toronto Blue Jays when they meet tonight at...
Thumbnail Scuffling Cubs turn to Arrieta vs. Reds While in no way prepared to send out a distress signal, the Cubs suddenly look quite vulnerable. Can the Reds step in and extend the...
Thumbnail Interleague rivals Kansas City, St. Louis meet Tonight, one of the most highly anticipated interleague matchups of the year finally gets underway in Kansas City. Do the Cardinals have any hope of...
Thumbnail Red Sox vs. Rays Pick Can the Tampa Bay Rays snap an 11-game losing streak today when they host the Boston Red Sox at 7:10PM ET?
More inMLB Articles  

MLB Team Pages