MSG Networks on the verge of possible bankruptcy
MSG Networks, which broadcasts the New York Knicks and Rangers, could enter bankruptcy protection due to a massive loan payment.
MSG Networks, which broadcasts the New York Knicks and Rangers, could enter bankruptcy protection due to a massive loan payment.
FanDuel is set take over branding of the current Bally Sports RSNs with content and advertising as part of the deal.
Diamond Sports Group, parent company of the Bally Sports RSNs, is one step closer to exiting Chapter 11 bankruptcy after a key hearing.
Both the NHL and NBA could be out tens of millions of dollars if the Bally Sports RSN's parent company is unable to emerge from bankruptcy.
After getting new deals with the NBA and NHL, Bally Sports parent company Diamond Sports Group is facing MLB resistance again.
Diamond apparently has enough investors remaining to continue its reorganization plan.
"This level of detail is necessary to examine how revenues might be impacted by, for example, the loss of a Distributor."
MLB's legal team was not pleased with the decision.
DSG said in its request that these contracts are protected by confidentiality agreements
DSG also disclosed it has inked a new naming rights partner to take over for Bally.
Diamond Sports Group claimed a significant budget deficit in a court filing as it still tries to navigate a path out of bankruptcy.
MLB Commissioner Rob Manfred expressed skepticism with Diamond Sports' ability to emerge whole out of bankruptcy.
The NBA and NHL united with MLB in putting forward skepticism of Diamond Sports' reorganization plans at a legal hearing.
Major League Baseball warned Diamond Sports Group’s Chapter 11 reorganization plan, scheduled to go to a vote next...
Audacy CEO David Field cited a "perfect storm" of challenges leading to this filing.
The NHL and Diamond Sports Group came to a similar agreement as the NBA which will see broadcasts continue through this season.
A similar deal with the NHL is expected as early as Friday.
Under the agreement, rights will revert to the league next season.
The Arizona Coyotes aren't looking to walk away empty-handed from Bally Sports Arizona.
“The NHL has been in ongoing constructive discussion, and we continue to have constructive discussions with others on our potential go forward business relationship."