JOURNAL ARTICLE

Diamond Wins Approval for New Twins, Rangers and Guardians Deals.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Randles, Jonathan 3 of 3

Abstract

Diamond Sports Group, a bankrupt sports broadcaster, has received court approval for new deals with the Cleveland Guardians, Minnesota Twins, and Texas Rangers to televise games for the 2024 baseball season. These agreements resolve disputes with Major League Baseball and its clubs and are crucial for Diamond's restructuring proposal, which is backed by major debt holders and Amazon. However, Diamond still faces obstacles from a creditor group that has proposed an alternative $450 million Chapter 11 financing. The broadcast agreements ensure that fans in the teams' local markets can watch all games through the company's Bally Sports channels. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/02, pN.PAG
  • Document Type:Article
  • Subject Area:Social Sciences and Humanities
  • Publication Date:2024
  • Accession Number:175357243
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