The Impact of Bally Sports' Bankruptcy on Teams and Fans.
TL;DR Summary
Bally Sports has declared Chapter 11 bankruptcy, but it does not mean they will shut down immediately. They will continue to air games for now, but there is a possibility they could lose some rights to some or all teams during the bankruptcy. MLB, NBA, and NHL have backup plans in place to stream games in markets if Bally Sports is unable to fulfill its contract. The bankruptcy process is slow and could take years.
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