NEW YORK (AP) -The proposed sale of the Atlanta Braves from Time Warner Inc. to Liberty Media Corp. is likely to be approved Wednesday by baseball owners.
Baseball officials said Tuesday they anticipated a vote on the first of two days of owners' meetings. Officials from the companies hope to close the sale Wednesday for tax purposes.
The sale was agreed to by the corporations in February, and baseball officials have said the transaction values the team at $461 million.
During the meetings, owners also are to vote on the sport's new out-of-market television contracts with DirecTV and iN Demand and to hear a presentation on the sport's MLB Network, which is scheduled to launch in 2009.
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