The Seattle Mariners and Atlanta Braves have announced they will be buying out the remaining stock of the original Atlanta Braves franchise, ending a streak of 17 straight seasons of being the home team of the National League.
The teams announced Thursday that they have entered into an agreement with former Atlanta general manager Jerry Dipoto, who was named Braves GM in January 2018.
Under the terms of the deal, Dipoto will receive $25 million to sell the franchise, and the other $20 million is going to be distributed among the players, players’ representatives, the league office, and players’ charities.
Atlanta is scheduled to play the Seattle Mariners in Game 3 of the American League Division Series on Friday.
The Braves are currently on a three-game losing streak, and they are currently without a home game since March 10.
The Atlanta Braves are owned by Atlanta United owner Arthur Blank.
They won the American Association pennant in 2017.