Back in January we raised the possibility that Bally Sports could head into bankruptcy. Less than two months later - I’m amused to write this on the Ides of March - we are going down that route. Yesterday afternoon, Diamond Sports, the umbrella company under which the Bally Sports affiliates operate, filed for Chapter 11 bankruptcy protection. They’d exhausted a 30-day grace period, after not being able to make a $140 million payment on their debt last month. The filing lists AZPB Limited Partnership - the group owning the D-backs, which you perhaps know from the legal spiel on each broadcast - as the company’s third largest unsecured creditor, owed $30.
“Et tu, Diamondbacks?” - Bally Sports file for bankruptcy protection
