The immediate future of broadcast rights for 14 major league baseball teams, including the Detroit Tigers, is up in the air as Diamond Sports group is expected to file for chapter 11 bankruptcy this week. With a $140 million payment due to cover the interest on Diamond’s $8.6 billion debt, the company finds itself unable to service the obligation and will file to restructure, according to Bloomberg.
Diamond is owned by Sinclair broadcasting, who purchased 21 Regional Sports Networks (RSN’s) that hold the rights to 42 major professional sports teams from Disney for $10.