Bally Sports RSNs are preparing for bankruptcy, including 12 NHL networks.The company called Diamond Sports Group LLC, which runs Sinclairs sports channels, is reportedly $8.6 billion in debt. Sinclair hopes to strike a deal to help them keep the networks going through bankruptcy, but it's not guaranteed.
In total, Sinclair owes $55 billion in sports media rights, according to Bloomberg. A bankruptcy could jeopardise payments to the NBA and NHL. It is reported that Sinclair will skip a $140 million interest payment due in mid-February, beginning a 30-day grace period for the company.
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This would affect media in Los Angeles, Anaheim, Arizona, Dallas, St. Louis, Minnesota, Detroit, Columbus, Nashville, Carolina, Tampa Bay and Florida."
- Via Puckempire, Instagram