Another step in the slow crawl towards the edge of the cliff for Bally Sports Arizona, took place today in a Houston bankruptcy court. As looks to have first been reported by Daniel Frankel of NextTV, their parent company Diamond Sports Group filed to tear up their contract with the Diamondbacks, saying “The Debtors have determined, in their business judgment, that the Diamondbacks Agreement is unnecessary and burdensome to the Debtors’ estates and should be rejected. The Debtors lose significant amounts under the Diamondbacks Agreement, and thus have determined that the Diamondbacks Agreement no longer fits within the Debtors’ longer-term plans.
Bye, Bye Bally?
