Leagues are making plans in case Bally Sports goes bankrupt. The network broadcasts games for teams in Dallas, L.A., Miami and San Diego, among other notable markets across the country.
Diamond Sports Group announced on Feb. 15 that it would skip its $140 million debt payment due that day and enter a 30-day grace period. The company said it intends to use the grace period to “continue progressing its ongoing discussions with creditors and other key stakeholders regarding potential strategic alternatives and deleveraging transactions to best position Diamond Sports Group for the future.
“Our goal would be to make games available not only within the traditional cable bundle but on the digital side, as well,” MLB commissioner Rob Manfred told the. “What we do is largely dependent on how Diamond and the creditors play their cards, what they decide to do.” “I hope we get to the point where on the digital side, when you go to MLB.TV, you can buy whatever the heck you want,”. “You can buy the out-of-market package. You can buy the local games, you can buy two sets of local games – whatever you want. I mean, that is, to me, the definition of what is going to be a valuable digital offering going forward.”
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