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After the end of the 2024 MLB season, its naming rights deal will end with Bally ending the partnership to name the RSNs Bally Sports. This deal is supported 85% of the Company’s first lien debt holders, over 50% of the Company’s second lien debt holders, and over 66% of unsecured bondholders.
On June 18, 2024, Houston bankruptcy judge Chris Lopez will decide if Diamond Sports Group has come up with the right restructuring plan to finally exit a Chapter 11 restructuring process that began in March of the previous year.
A confirmation hearing is scheduled for July 29-30, at which point a bankruptcy judge could determine whether Diamond, which runs the regional sports networks (RSN) for 38 MLB, NBA and NHL...
Almost a year to the day after Diamond Sports filed for Chapter 11 bankruptcy protection, the operator of the 19 Bally Sports-branded RSNs has submitted its official reorganization plan to...
On Thursday in Houston, U.S. bankruptcy judge Christopher Lopez ruled that Diamond should pay the full value of their contracts with the Cleveland Guardians, Minnesota Twins, Arizona...
Amazon will partner with Diamond Sports as part of a restructuring agreement as the largest owner of regional sports networks looks to emerge from bankruptcy. Diamond owns 18 networks under the Bally Sports banner. Those networks have the rights to 37 professional teams — 11 baseball, 15 NBA and 11 NHL.
Diamond Sports Group, the largest owner of regional sports networks, filed for Chapter 11 bankruptcy protection on Tuesday. The move came after it missed a $140 million interest payment last month.
Jan 31, 2024. Amazon wants to invest in Diamond Sports Group, the embattled regional sports network operator, so Diamond can continue operating after this year. A bankruptcy judge ultimately...
On Tuesday, Diamond Sports Group, who runs the Bally Sports branded regional sports networks, filed for Chapter 11 bankruptcy. Here's what could happen next.
Diamond Sports, the company that owns the Bally Sports Regional Network, which carries 14 MLB teams, 16 in the NBA, and 14 NHL squads on 19 RSNs, will likely file for bankruptcy protection...