BREAKING: NHL's TV Partner Files For $55 Billion in Bankruptcy and It'll Affect 12 NHL Teams

BY S. HARPER
12 NHL network's are in jeopardy after the news that Bally Sports RSN's are preparing for bankruptcy.

The company called Diamond Sports Group LLC, which runs Sincalirs sports channels, is reportedly $8.6 billion in debt and at total, Sinclair owes $55 billion in sports-media rights, according to Bloomberg. A bankruptcy could put payments to the NBA and NHL at risk. It is being reported that Sinclair will skip a $140 million interest payment due in mid-February, starting a 30-day grace period for the company.

Sinclair has launched a $20 a month subscription service similar to Netflix but the numbers have been disappointing so far.

It is reported that Sinclairs Diamond sports group has about $585 million cash in hand, but owes about $2 billion in fees to teams this year.


pub
FOLLOW US
facebook
380 099 followers
LEADERS
2022-2023
GPGAPTS
1-  
CONNOR MCDAVID
726078138
2-  
LEON DRAISAITL
704466110
3-  
NIKITA KUCHEROV
732874102
4-  
MATTHEW TKACHUK
69356297
5-  
DAVID PASTRNAK
71494695
6-  
NATHAN MACKINNON
60316293
7-  
MITCH MARNER
71286492
8-  
JASON ROBERTSON
72415091
9-  
ELIAS PETTERSSON
69335790
10-  
TAGE THOMPSON
71444589
2022-2023 LEADERS