Diamond Sports Group, the largest owner of regional sports networks, filed for Chapter 11 bankruptcy protection on Tuesday.
Diamond owns 19 networks under the Bally Sports banner. Those networks have the rights to 42 professional teams — 14 baseball, 16 NBA and 12 NHL.The company said in a release Tuesday night that it expects to continue to operate during the bankruptcy process and that coverage of games should not be affected.
Diamond said in a financial filing last fall it had debt of $8.67 billion. The bankruptcy filing was made in the Southern District of Texas. Diamond has nearly $1 billion in rights payments, mostly to baseball teams, due in the first quarter this year. The company is current on payments to hockey and basketball teams, but it might withhold payments from some baseball teams where it is trying to renegotiate a better deal.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Diamond Sports Group, Owner Of Bally Networks Once Run By Fox, Files For Chapter 11 BankruptcyDiamond Sports Group, operator of the largest string of regional sports networks in the U.S., has filed for Chapter 11 bankruptcy protection. The move, announced Tuesday night by the subsidiary of …
Leer más »
Guardians’ games on Bally Sports still in limbo as Diamond Sports Group files for bankruptcyA source at Diamond Sports Group said Bally Sports would continue to carry Guardians’ games as long as its contract with the team is in place.
Leer más »
Diamond Sports Group, America’s Largest Owner of RSNs, Files for BankruptcyThe Sinclair-affiliated RSN owner disclosed its plans Tuesday evening.
Leer más »
Diamond Sports Group, owner of 14 MLB teams' broadcast rights, files for bankruptcyDiamond Sports Group, the Sinclair subsidiary that owns the broadcasting rights of 14 MLB teams plus several NBA, NHL and WNBA teams, announced Tuesday it has filed for Chapter 11 bankruptcy.
Leer más »
Diamond Sports, largest owner of regional sports networks, files for bankruptcyDiamond Sports has filed for bankruptcy protection with plans to eliminate more than $8 billion in debt.
Leer más »
Diamond Sports Group files for bankruptcyBally Sports owner Diamond Sports Group filed for Chapter 11 bankruptcy protection on Tuesday.
Leer más »