Tuesday, March 14, 2023

Diamond Sports Group Files Chapter 11 Bankruptcy

     Diamond Sports Group filed for chapter 11 bankruptcy earlier today in Texas. The corporation owns 19 Bally Sports regional sports networks in the United States. 
     Two of their regional sports networks are Bally Sports Florida and Bally Sports Sun in the state of Florida. The Miami Heat, Florida Panthers and Miami Marlins are three South Florida sports teams that air their television broadcasts on Bally Sports regional sports networks. 
     Bally Sports will continue to broadcast the remainder of Miami Heat and Florida Panthers 2022-23 regular season games and first-round playoff contests. There has been no decision made what will happen to their team broadcasts as of the 2023-24 season. 
     The circumstance is a little bit different for the Miami Marlins. Major League Baseball has considered to end their broadcasting agreement with Diamond Sports Group and bring in-house their telecasts along with 13 other MLB teams. 

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