Bally Sports owner files for Chapter 11 bankruptcy
Mar 15, 2023 / Associated Press
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. Diamond owns 19 networks under the Bally Sports banner. Those networks have the rights to 42 professional teams — 14 baseball, 16 NBA and 12 NHL. The company said in a release Tuesday night that it expects to continue to operate during the bankruptcy process and that coverage of games should not be affected.