Let’s talk sportz biz for a bit.
A few days ago, the expected happened, and Bally Sports Network (no actual connection to the luxury accessories company) missed a debt payment, and is in a 30-day grace period before they are expected to file for bankruptcy.
Who is Bally?
Fox Sports, that’s who. Well before they became Bally, Fox Sports moved from ownership by Fox to become part of Disney. Disney also owns ESPN, so American regulators ordered Disney to divest of the Fox Sports channels. They were sold to Sinclair Broadcasting for (per Forbes) half of what Disney had been hoping for.