Diamond Sports Group greatly values its fans and partners that tune in to watch and support local sports broadcasts on the 19 Bally Sports networks across the US.
After careful deliberation, Diamond Sports Group voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court to implement its restructuring. This was not an easy decision, but it was a necessary one, given our unsustainable debt load and the changing landscape of traditional cable and satellite television viewership. We are confident that this is the best path forward for DSG, and we believe this will position us to build and deliver a fan, team and league-friendly modern platform.
This is a financial restructuring, and, through this process, we will continue broadcasting games under our contracts and operating the business as usual. We appreciate your patience throughout this process, and we would like to express our deep gratitude for your ongoing support and partnership.
You can read more about our filing in our press release linked here.
For further information about the restructuring, including any court filings, please refer to materials posted on our claims agent’s website: https://cases.ra.kroll.com/DSG