Diamond Sports Group ordered to pay MLB teams in full after bankruptcy filing.
TL;DR
Diamond Sports, which owns Bally Sports, has been ordered by a federal judge to pay out the full value of its contracts with the Arizona Diamondbacks, Cleveland Guardians, Minnesota Twins and Texas Rangers, despite filing for Chapter 11 bankruptcy in March. The company, which is allegedly more than $8 billion in debt, owns the broadcast rights of 14 MLB teams. MLB said it would take over broadcast rights if Diamond Sports stopped making payments.
- Diamond Sports ordered to pay Rangers, Twins, Guardians and D-Backs in full after filing for bankruptcy Yahoo Sports
- Diamond Sports Group ordered to fully pay Twins, Guardians, Diamondbacks, Rangers - ESPN ESPN
- Twins come out as winners in court and on the diamond; Lynx keep losing Star Tribune
- Diamond Sports must pay four MLB teams in full, bankruptcy judge says CNBC
- Judge rules Diamond Sports must pay full value of contracts to Guardians, 3 others Crain's Cleveland Business
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