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Major League Baseball and the Atlanta Braves formally filed an objection to Diamond Sports Group's reorganization plan Friday, citing, among other things, a lack of information to corroborate the viability of the company's projections.
In a motion filed in Houston bankruptcy court, MLB and the Braves wrote they possess "grave concerns that, if the plan is confirmed, there is a substantial likelihood that the debtors will find themselves once again in financial distress and/or bankruptcy court in the near future.