Sinclair prepping to sell 21 Regional Sports Networks - Bally Sports North included

[Vanimal46]

https://www.barrettsportsmedia.com/2022/08/30/diamond-sports-rsn-sale/

Diamond Sports, which owns 21 regional sports networks mostly under the Bally Sports brand, has as much as $8 billion in operating debt. Sinclair bought the regional sports networks from Disney in 2019 for $9.6 billion.

Sports Business Journal reporter John Ourand reports companies who have considered buying the regional sports networks have predicted Diamond Sports Group will eventually file for bankruptcy, noting it would be a “worst-case scenario” for the NBA, MLB, NHL, and MLS teams whose games air on the channels.