WebFeb 15, 2024 · Diamond Sports Group, a subsidiary of Sinclair, announced Wednesday that it would skip February's $140 million interest-only payment and thus enter into the 30 … WebJan 27, 2024 · As a result, several professional sports teams (and we’re talking a crap load) who rely on revenue from TV deals are going to take a huge financial hit and will have to pull back their spending, potentially cutting payroll — especially considering that Diamond can terminate the deals whenever they want amid a restructuring.
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WebDiamond Sports Group filed for Chapter 11 protection in March with a plan to slash $8 billion of debt from its balance sheet through a debt-for-equity swap with virtually all of its secured and... Web1 day ago · Diamond Sports cites Chapter 11 bankruptcy law in allowing them to restructure deals to reflect current market value. eh blackjack\\u0027s
Diamond Sports Group - Wikipedia
Web21 hours ago · Sinclair and Diamond are trying to exchange around $8 billion in debt tied to Bally Sports channels for equity. Those channels host the exclusive local TV rights for 52 teams across MLB, the NBA and NHL. Fortunately for the NBA and NHL, individual team payments aren't due until later this year NEXT TV NEWSLETTER WebSinclair and Diamond are trying to trade equity in the 19 Bally Sports channels in exchange for around $8 billion of debt relief. As the operation restructures, it seems to be forsaking … WebMar 14, 2024 · In a statement, Diamond CEO David Preschlack wrote that the restructuring process "will allow [Diamond] to evolve our business while continuing to provide exceptional live sports productions for ... eh bivalve\\u0027s