Sinclair Broadcast Group’s big bet on regional professional sports veered into Bankruptcy Court on Tuesday as the company’s unit that broadcasts local games filed for Chapter 11 protection.
The company is seeking to restructure the more than $8 billion in debt it incurred from its 2019 purchase of regional cable channels.
Sinclair’s Diamond Sports Group said it would continue to program the networks, which are branded Bally Sports, with live games during the bankruptcy proceedings.
