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Sport
Jim Williams

Regional Sports Networks Are In Trouble But How Did They Get There?

NBA NHL Bally Diamond Disney DSG ESPN MLB Diamond Sports Group Major League Baseball
Tampa, Fl.: New York Yankees Greg Weissert throws live batting practice during spring training workout at George M. Steinbrenner Field in Tampa, Florida, on February 15, 2023. (Photo by Thomas A. Ferrara/Newsday RM via Getty Images)

WASHINGTON — Diamond Sports Group (DSG) the parent company of Bally’s owners of 19 regional networks they control yesterday filed for Chapter 11 bankruptcy as was expected. The move came after it missed a $140 million interest payment last month

The Bally’s sports portfolio includes broadcast rights to 42 professional teams — 14 baseball, 16 NBA and 12 NHL. They operate regional sports networks from California to Florida and this case will be viewed by the entire sports business world as a test case for how not to run a business. 

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