Bally Sports 2 Months Away From Bankruptcy?

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Gerry Smith @gerryfsmith 5h

New: America's largest owner of local sports channels is heading toward bankruptcy court, putting at risk its payments to MLB, NBA and NHL teams. Story w/ @EK_Hudson @rachel_butt LINK

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John Ourand @Ourand_SBJ 10m

Bloomberg has Diamond Sports going into bankruptcy within the next two months.

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A lot of times when companies go bankrupt they keep on going and just adjust terms with their creditors. But I think Sinclair is taking such a loss on these all the speculation I've seen is that bankruptcy will lead to Sinclair selling it off.

They seem to be going to chapter 11, and restructuring with creditors. Don't think this will have any impact in the production or day-to-day of games.

It will likely delay cash flow from Diamond/Bally to the teams, as they won't be required to make their payments while in bankruptcy court.

But who knows how it will play out, but this has been anticipated for over a year now.


Personally, I think the future of local RSNs will be leagues going to a model similar to what MLS/Apple just did. Which is, there's no real "local" RSN, but rather the leagues selling the "local" rights in bulk to a distributor like Apple/Prime/Youtube and producing them in house and distributing via those platforms and selling DTC.

Essentially, conversion of NBA League Pass to have NO Blackouts (outside of ESPN/TNT) games.

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Sinclair paid $9.6 Billion for Fox Sports in 2019.

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Amazing piece of business by Fox/Murdoch. Sold the channels to Disney at valuation of nearly $20 Billion in 2018, as part of the sale of Fox assets to Disney.

1 year later, Disney sold for half that; now bankrupt. Great timing by old Rupert

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Personally, I think the future of local RSNs will be leagues going to a model similar to what MLS/Apple just did. Which is, there's no real "local" RSN, but rather the leagues selling the "local" rights in bulk to a distributor like Apple/Prime/Youtube and producing them in house and distributing via those platforms and selling DTC.

Essentially, conversion of NBA League Pass to have NO Blackouts (outside of ESPN/TNT) games.

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I am in Toronto, Canada. I have League Pass. Last year, League Pass blacked out approximately 35% of Pels games. I had to get 2 local sports streaming subscription services on top of League Pass so I could watch most of the Pels games. The subscription services usually carry ESPN/TNT Pels games. Did I mention the NBA also blacks me out of playoff games (since the local sports networks [that I subscribe to]) carry the playoff games. I still am blacked out when games are on NBATV Canada.

The whole system of broadcasting games is a mess. I want ONE source (like League Pass) to carry ALL games, pre-season to playoffs. If there's a game on, I want to be able to just go to my one source, instead of wasting my time trying to figure out which of my 3 sources is showing that game (or if NBATV is blacking me out).

I would be willing to pay League Pass 30-40% more if it could my one and only source for all games.

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They seem to be going to chapter 11, and restructuring with creditors. Don't think this will have any impact in the production or day-to-day of games. It will likely delay cash flow from Diamond/Bally to the teams, as they won't be required to make their payments while in bankruptcy court. But who knows how it will play out, but this has been anticipated for over a year now. Personally, I think the future of local RSNs will be leagues going to a model similar to what MLS/Apple just did. Which is, there's no real "local" RSN, but rather the leagues selling the "local" rights in bulk to a distributor like Apple/Prime/Youtube and producing them in house and distributing via those platforms and selling DTC. Essentially, conversion of NBA League Pass to have NO Blackouts (outside of ESPN/TNT) games.

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This might be the most well thought out and explained post in the history of Pels Talk.

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I was coming around to not minding ballys and then they introduced this stupid fkn gear wheel with the betting lines and stats that cover the whole screen and the toggles that don't hide themselves half the time and best case, if it does hide you still have a big fricking gear wheel on the bottom of your screen. It's insanity that it defaults to all that shite being on, like who in the fk is making decisions at this company.

Fk em.

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I was coming around to not minding ballys and then they introduced this stupid fkn gear wheel with the betting lines and stats that cover the whole screen and the toggles that don't hide themselves half the time and best case, if it does hide you still have a big fricking gear wheel on the bottom of your screen. It's insanity that it defaults to all that shite being on, like who in the fk is making decisions at this company.

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The NBA has opened up the floodgates to gambling. It's now always in your face. Not happy about that move. I'm sure the NBA is making serious coin in licensing fees from the gambling companies. If anyone likes to gamble, go ahead and knock yourself out. I'm here for the basketball.

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Don’t forget benson media owned fox 8.

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Benson owns very little of Fox8, he sold it Raycom a few months before he passed.

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Contentwizards@protonmail.com

They can help you out. They will be honest with you, and if you don’t like it, they give you a refund.

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Thanks. I have seen these guys in my previous research, but I could not find a website for them, so I thought they were not legit. Have you actually used their service?

As much as this mid-season meltdown has hurt, it's going to really be a bummer when we lose Joel Myers to this bull shite