News Article: Bally Sports prepping for Bankruptcy filing

[predwings]

Regional sports network owner Diamond Sports prepares for possible bankruptcy

Diamond Sports said it missed an interest payment. The regional sports network owner is preparing for a possible bankruptcy filing, sources said.

www.cnbc.com

Article says they're attempting to workout a deal that centers around bankruptcy filing and equity swap with some of the creditors to pay off the debts. Not sure how/if this will directly affect the Predators or not. They're considering restructuring deals on the regional/sports level and possibly drop some markets or sports?

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[Flgatorguy87]

I can't say I am surprised. What a horrible fan experience having this Bally app has been.

 

[Predsanddead24]

If Bally is dropping sports and/or markets then you'd have to think the Preds would be one of the first to go given our fanbase size. I really have no idea how these things work, but my reading of the last two paragraphs makes it sound like the games will stay on Bally for now until a longer term solution is found. Could have interesting cap implications too I would think.

 

[AintLifeGrand]

damn they just got on FUBO tv too

 

[NoNecksCurse]

Good. Bally Sports is awful. I wish them nothing but the worst.

 

[FossilFndr]

It is my only current access to Preds games, w/o Bally I have nothing.

 

[ShagDaddy]

I would think that if Bally goes under before the end of the season and can’t televise games that ESPN+ would lift their blackout criteria.

 

[Predsanddead24]

I would think that if Bally goes under before the end of the season and can’t televise games that ESPN+ would lift their blackout criteria.

The problem is ESPN+ just shows the Bally Sports broadcast so it is unclear to me how that would work if Bally went under. The NHL did put out a statement that games will still be broadcast some way though.

 

[BigFatCat999]

NHL will take over and broadcast themselves.

 

[101st_fan]

The problem wouldn't be a sudden loss of coverage. It would be the lack of payment to teams if Diamond Sports Group does go into a Chapter 11 filing. It would impact hockey revenues for over 1/3 of the league.

 

[Hose Pipe]

It is my only current access to Preds games, w/o Bally I have nothing.

Lucky