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Broadcasting & Cable
Broadcasting & Cable
Business
Daniel Frankel

Bally Sports Bankruptcy Gets Bloodier: Diamond Files Suit Against Sinclair and JP Morgan, Tries to Claw Back $1 Billion Preferred Equity Repayment

Bally Sports

Sinclair Broadcast Group is being sued by the bankrupt subsidiary it set up four years ago to manage a collection of 19 regional sports networks it paid, ruinously as it turned out, $10.6 billion to acquire. 

Early Wednesday evening, cover sheets for two separate but related lawsuits emerged in the document portal set up by the Houston court overseeing Diamond Sports Group's bankruptcy. 

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