Box 17, Folder 6, Document 87

Dublin Core

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FIRST NATIONAL BANK BUILDING EUROPEAN OFFInE

20 PAWL Vals

CALVIN PF SawViER panig jot’
| ARDEN REARICK

RICHARD J FALETT?# CHICAGO 60603
ERT

FINANCIAL G-3600

December 1, 1964

RICHARD J BRENNAN
M TINLEY MAXSON
4ATHUR | GOULD
NORMAN WAITE, JR
RORERT G LANE
D.SIONEY CONDIT

Robert R, Richardson, Esq,
Hurt, Hill, Richardson

and Sosebee
William-Oliver Building
Atlanta, Georgia 30303

Dear Bob:

This will confirm our conversation in connection
with the acquisition by Milwaukee Braves, Inc. of the
Atlanta franchise in the International League, The price
for the franchise is $285,000 of which $200,000 is a re-
location expense under the agreement between the Braves
and the Stadium Authority.

This will confirm our agreement that after the 1965
baseball season is completed, the Braves will pay $50,000
to the Stadium Authority if they determine that they want
to operate the franchise in some location outside of
Atlanta, The net effect of this transaction will be to
make the cost of the franchise $235,000,

It is further understood that at some future date if
the Braves sell this franchise for in excess of $50,000,
they will credit the Authority with up to the first
$35,000 of such excess,

The purpose of the foregoing understandings is to,

if at all possible, limit the cost of the franchise both
to the Braves and the Stadium Authority to $100,000 each,

Sincerely,

Thomas A, Reynolds, Jr,

TAR=Jr:CLD'




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