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Daniel Frankel

Amazon Pulls Back From $115 Million Bally Sports Investment

Amazon Bally Sports NBA NHL Diamond

Bally Sports.

Amazon has pulled back from a plan announced back in January to infuse $115 million in cash into bankrupt regional-sports-network operator Diamond Sports Group, Sports Business Journal reports.

Last week, Diamond announced deals with the NBA and NHL to keep 13 and nine teams, respectively, from each league on its Bally Sports channels through the 2024-25 season. And after passing a major pay TV carriage hurdle with Comcast late last month, it appears Diamond now has what it needs to finally emerge from Chapter 11 restructuring, regardless of Amazon's decision.

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