Box 17, Folder 6, Document 87

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Box 17, Folder 6, Document 87

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WINSTON. STRAWN, SMITH'& PATTERSON
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FIRST NATIONAL BANK BU ILDIN G
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CHICAGO 60603
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NO RMAN WA1fE.Jl1
AOPEAT G LANI:'.
D . ~ I D NE Y C'ONU 11
Robert R. Richardsoc, 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 9 Inc. of the
Atlanta franchise in the International League.
~he price
for the franchise is $285,000 of which $200,000 is a relocati on expense under the agreement between the Braves
and the Stadium Authority.
This will confi rm 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 i s
the Braves
they will
$35,000 of
further understood that at some futu r ·e date i.1
sell this franchise for in excess of $50,000,
credit the Authority with up to the first
such excess.
The purpose of the foregoing unde r s t andings is t o ,
if at all possible, limit the cost of the franchise bo th
to the Braves and the Stadium Authority to $100,000 each.
Sincerely,
-- ?Thomas A. Rey nol d s , Jr.
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December 1, 1964
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PAUL T . K ES SL EQ , JR.
CH AA L( S f" MARQUIS
ALEXANOf;h .J MQ :J D Y
BRUCE "1 S M T H
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  1. http://allenarchive.iac.gatech.edu/originals/ahc_CAR_015_017_006_087.pdf

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