When Sinclair's Diamond Sports Group subsidiary entered bankruptcy restructuring in March, it was widely believed that the Cincinnati Reds would be among four Major League Baseball teams in Diamond's Bally Sports regional sports network portfolio that wouldn't be paid their TV rights fee for the just-started MLB season.
And according to Sports Business Journal's John Ourand, Diamond has indeed followed through on that expectation. Diamond still has a 15-day grace period to pay the Reds, but it appears the subsidiary wants the bankruptcy court to restructure its money-losing Reds contract before it pays anything.
