Bally Sports Parent Gets OK For $495M Settlement, $450M DIP

By Clara Geoghegan · February 26, 2024, 8:13 PM EST

A Houston bankruptcy judge on Monday approved a $495 million settlement and a $450 million debtor-in-possession financing package for Bally Sports Network's parent company, loading the bases for the broadcaster to file...

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Bankruptcy Scorecard

Summary

Diamond Sports Group LLC, the owner of Bally Sports-branded regional sports networks, filed for bankruptcy March 14 after missing an interest payment.

Case Number

9:23-bk-90116

Judge

Christopher M. Lopez

Venue

U.S. Bankruptcy Court for the Southern District of Texas

Capital Structure

Total Liabilities:

$8.845 billion

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Documents

Related Sections

Case Information

Case Title

Diamond Sports Group, LLC

Case Number

9:23-bk-90116

Court

Texas Southern

Nature of Suit

Date Filed

March 14, 2023

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