Diamond Sports Group, LLC
Case Number:
9:23-bk-90116
Court:
Nature of Suit:
Firms
Sectors & Industries:
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April 17, 2024
Diamond Sports' $8B Ch. 11 Plan Cleared For Creditor Vote
A Texas bankruptcy judge on Wednesday signed off on the latest Chapter 11 disclosure statement of Bally Sports Network parent Diamond Sports after the debtor brought it forward without objection, making way for the sports broadcaster to solicit its creditors' approval of a plan to slash $8 billion in debt.
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April 11, 2024
Pro Sports Leagues Balk At Bally Parent's Ch. 11 Plan
Three major U.S. professional sports leagues, whose games are broadcast by Bally Sports Network parent company Diamond Sports Group, criticized the company's Chapter 11 restructuring plan, saying it fails to provide information about the debtor's go-forward operating business plan and any ongoing business agreements with distributors.
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February 26, 2024
Bally Sports Parent Gets OK For $495M Settlement, $450M DIP
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 a Chapter 11 plan in the coming weeks.
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February 09, 2024
Bally Sports Waiting On OK For Deal On 2024 MLB Season
A Texas bankruptcy judge Friday told the owner of Bally Sports Network it can modify its broadcast deals with three Major League Baseball teams, but held off approving a resolution to its remaining disputes with MLB to give unsecured creditors time for a look at the deal.
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February 02, 2024
Diamond Sports Inks 2024 Broadcast Deals With 3 MLB Teams
Bally Sports Network will broadcast the upcoming major league baseball season for The Cleveland Guardians, The Texas Rangers and The Minnesota Twins, its parent company told a Texas bankruptcy court Friday, with the renegotiated telecasting deals coming weeks after it announced a plan to emerge from bankruptcy.
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January 17, 2024
Bally Sports Parent Strikes Ch. 11 Plan Deal With Amazon
Bally Sports Network parent Diamond Sports Group LLC said Wednesday it has reached a "comprehensive" deal for a debt-for-equity Chapter 11 restructuring plan, a $495 million settlement with its own parent company, and a future streaming partnership with Amazon.
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January 12, 2024
DirecTV Blasts Bally's Bid To Recoup Cut MLB TV Payments
DirecTV told a Texas bankruptcy judge that Bally Sports Network parent Diamond Sports Group's effort to force the satellite television provider to resume contractual payments for the broadcast of Major League Baseball games is a "desperate attempt" to improve its cash flow under its Chapter 11 case.
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January 03, 2024
Bally Sports Parent Gets New NHL Deal Approved In Ch. 11
The bankrupt owner of Bally Sports-branded regional sports networks received approval Wednesday for a new television broadcast deal with the NHL and 12 of its teams that cements game coverage contracts through the end of the current season.
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November 15, 2023
Bally Sports Parent Cleared for 1-Year NBA Deal In Ch. 11
The owner of Bally Sports-branded regional sports networks received court approval Wednesday in Texas bankruptcy court for a one-year deal to continue broadcasting local coverage of games for 15 teams of the National Basketball Association.
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November 09, 2023
Bally Sports Parent Says MLB Contract Demand Is Premature
The bankrupt owner of Bally Sports-branded regional sports networks objected to Major League Baseball's bid to force it to accept or reject television broadcast rights deals for the 2024 season, arguing that it will make a decision on which agreements to terminate by the end of the year.