Rangers, Diamondbacks, Twins, and Guardians file motion with MLB against Diamonds Sports for overdue fees (Reds also overdue)

[sawchuk1971]

bally sports (diamond) has not paid fees to guardians and twins even though they still broadcast the games..

MLB asks judge to terminate Bally Sports’ TV deals with Guardians, Twins by Thursday: Reports

MLB wants a judge to terminate Bally's rights deal by April 13, allowing the league to take over broadcasts for several clubs.

www.cleveland.com

Click to read more...

 

[LadyStanley]

Bally Sports' parent to cut payments to 3 MLB teams

Diamond Sports cites Chapter 11 bankruptcy law in allowing them to restructure deals to reflect current market value.

theathletic.com

Company files to cut payments (aka restructure) Cleveland, Arizona, Minnesota.

 

[MMC]

 

[MMC]

 

[MMC]

U.S. Bankruptcy Judge Christopher Lopez will preside over a key hearing on May 31 during which Major League Baseball’s attorneys, teams and other parties will debate whether Diamond should continue to broadcast MLB games without making timely payments.

MLB, the Arizona Diamondbacks, Cleveland Guardians and Minnesota Twins recently filed emergency motions in which they demand that Lopez force Diamond to pay them per their telecast rights agreements or, if Diamond can’t pay up, allow teams to serve notices of default to Bally RSNs. Defaults would eventually permit teams to exercise contractual remedies—including, potentially, termination.

 

[LadyStanley]

Rangers join MLB motion in Diamond Sports bankruptcy

Four teams now have publicly disclosed they have not been paid by Diamond.

theathletic.com

Another team joins action

 

[MMC]

 

[GKJ]

It looks like the Reds will be the first ones to be taken over by MLB production.


They own a stake in their RSN, and it looks like that isn't the case for the others in question.

 

[BigBadBruins7708]

Ballys isnt going to pay, and the teams will get put in line with the other creditors for bankruptcy payouts. At this point consider it lost money

 

[MMC]