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Diamond Sports Group, LLC
Case Number:
9:23-bk-90116
Court:
Nature of Suit:
Firms
Sectors & Industries:
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August 22, 2023
Bally Sports Says JPMorgan Took $1B, Pushing It To Ch. 11
JPMorgan Chase & Co. allegedly helped Sinclair Broadcast Group illegally gut Sinclair's own Bally Sports regional sports networks unit, siphoning off $929 million from the affiliate and charging $245 million in fees while knowing the affiliate was likely insolvent, according to a lawsuit unsealed in Texas bankruptcy court.
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August 17, 2023
Judge Sends Bally Sports Parent's Ch. 11 Plan To Mediation
A Texas bankruptcy judge sent Diamond Sports Group, which owns Bally Sports regional sports networks, to mediation on Thursday as pressure mounts for the broadcaster to make significant progress on its reorganization plan before the NHL and NBA begin their regular seasons in October.
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July 18, 2023
MLB Takes Over TV Deal For A 2nd Bally Sports Team
Major League Baseball began broadcasting Arizona Diamondbacks games on Tuesday, after a Texas bankruptcy judge authorized the rejection of a telecast rights agreement between the bankrupt owner of the Bally Sports regional sports networks and the team, making it the second franchise to be dropped from Bally networks since March.
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June 28, 2023
JPMorgan Faces Subpoena In Diamond Sports Bankruptcy
Bankrupt sports broadcaster Diamond Sports Group LLC has subpoenaed JPMorgan to compel the bank to testify on its relationship with Diamond Sports and Sinclair Broadcasting Group, the publicly traded media conglomerate that is parent to the regional sports network business.
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June 23, 2023
Bally Sports' Parent Wants Out Of Diamondbacks TV Deal
The bankrupt owner of Bally Sports has asked a Texas bankruptcy judge to allow it to ditch what it says is a money-losing contract to broadcast the MLB games of the Arizona Diamondbacks, three weeks after it was ordered to continue payments under the deal.
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June 01, 2023
Bally Sports Must Pay Full TV Fees To MLB Teams In Ch. 11
A Texas federal judge ordered the bankrupt owner of 19 Bally Sports-branded regional sports networks to pay the full contract rate under television broadcast agreements with four MLB teams Thursday, saying fees under the deals represent the actual value of the services being provided to the debtor.
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May 31, 2023
MLB Commish Says Streaming Is Critical In Bally Ch. 11
The commissioner of Major League Baseball testified Wednesday that he wants to retain the right to stream local coverage of the league's games and has been focused on keeping that ability over concerns about the financial viability of the owner of 19 Bally Sports-branded regional sports networks.
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May 24, 2023
MLB Commissioner To Testify In Bally Sports Ch. 11 TV Fight
The commissioner of Major League Baseball is set to offer live testimony next week in a hearing over television broadcast contract obligations by the bankrupt operator of the Bally Sports regional sports networks, which is arguing the deals come at too high a price for the value the company realizes from broadcasting the games.
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May 10, 2023
Suns' TV Deal Broke Bally Sports Ch. 11 Stay, Judge Rules
The Phoenix Suns violated the automatic stay in the Chapter 11 case of regional sports network Bally Sports when it signed a new television broadcast rights deal last month, a Texas bankruptcy judge ruled Wednesday, saying the team needs to honor the backend contractual rights of the debtor.
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May 08, 2023
NBA's Suns Says TV Deal With Bankrupt Bally Sports Expired
The Phoenix Suns objected Friday to a motion by the bankrupt parent company of Bally Sports seeking to bar the team's entry into a new TV rights deal, telling a Texas court the broadcast contract between the parties expired at the end of the Suns' NBA season last month.