"The bull case for Madison Square Garden Sports and Liberty Media's Atlanta Braves is that public markets discount these scarce, trophy-asset sports franchises far below their private market liquidation values."

"The guest argued that upcoming tax law changes and structural disadvantages could act as catalysts for the sale of publicly traded sports franchises like the Atlanta Braves or New York Knicks."

"The bull case for Atlanta Braves Holdings is that the asset-backed stock is trading at a steep discount to its private market value and is controlled by a rational owner looking to simplify his empire."