Diamond Sports Group, facing financial difficulties, aims to sever ties with most of the Major League Baseball teams it currently broadcasts. During a bankruptcy court hearing, the company revealed plans to void contracts and renegotiate deals with several franchises.
Diamond Sports Group , which operates regional sports networks such as Bally's Sports Great Lakes, moved to cut ties with 10 of the 11 major league teams under its umbrella on Wednesday. Diamond Sports Group , the largest owner of regional sports networks , could be down to broadcasting only one Major League Baseball team’s games next season.
Diamond Sports has been in Chapter 11 bankruptcy proceedings in the Southern District of Texas since it filed for protection in March 2023. The company said in a financial filing last year that it had debt of $8.67 billion. MLB attorney James Bromley said he was surprised about the reorganization plan and said they were “sandbagged” since they only learned about it less than two hours before the start of the hearing.
MLB Diamond Sports Group Bally Sports Bankruptcy Regional Sports Networks
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Diamond Sports Group won't carry 11 MLB teams in 2025Diamond Sports Group, the bankrupt operator of Bally Sports channels, said it will stop broadcasting games in 2025 for 11 of the 12 MLB teams it currently televises.
Read more »
Diamond Sports looks to drop 11 MLB teams from Bally Sports regional networksDiamond Sports told a bankruptcy judge it currently plans to drop all MLB teams from its Bally Sports networks with the exception of the Atlanta Braves.
Read more »
Diamond Sports Plans To Drop Most MLB Teams From Bally Sports NetworksDiamond Sports Group, owner of Bally Sports regional networks, announced plans to drop most Major League Baseball teams from its channels except for the Atlanta Braves. This move comes as part of their ongoing bankruptcy proceedings, following previous departures of teams like the San Diego Padres and Arizona Diamondbacks.
Read more »
Amazon Close to Deal with Diamond Sports to Stream Milwaukee Bucks' GamesIn a recent report by the New York Post, Amazon is nearing a deal with Diamond Sports Group to stream most of the Bally Sports parent company's content, which includes the Milwaukee Bucks.
Read more »
Women’s sports group pushes Nevada to adopt ‘protected female category’ in school athleticsPolitical News and Conservative Analysis About Congress, the President, and the Federal Government
Read more »
Caesars Contributes $4M to Missouri Anti-Sports Betting GroupCaesars is the only casino operator to knowingly show any sign of legalized sports betting opposition.
Read more »