Diamond Sports — which operates its networks under the Bally Sports brand — has been under bankruptcy protection since March of last year.
The leagues are worried the owner of the largest portfolio of regional sports networks won't have a viable business plan sorted out ahead of the 2024-25 season.
Meanwhile, numerous NBA and NHL teams have reached deals with local broadcast station groups to carry local games.
Diamond Sports must put together a reorganization plan, outlining its future outside of bankruptcy protection, and receive court approval to move forward with it.
The NBA has pushed for Diamond Sports to have "a very clear business plan no later than July," Indelicato said Tuesday.
Persons:
Diamond, Vincent Indelicato, Indelicato, Sinclair
Organizations:
Bally, MLB's Houston Astros, Minnesota Twins, Target, National Basketball Association and National Hockey League, Diamond Sports, Sports, Bally Sports, NBA, NHL, Major League Baseball, Comcast Corp, Comcast, MLB, Regional, Distributors, CNBC
Locations:
Minneapolis , Minnesota, NBCUniversal