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Diamond Sports Group, the Sinclair subsidiary that controls the regional sports networks for 42 teams across Major League Baseball, the National Hockey League and the National Basketball Association, announced that it has filed for Chapter 11 bankruptcy on Tuesday night, three days before the end of a 30-day grace period it entered into with creditors.

As part of a news release, Diamond, which has more than $8 billion in debt, said it “intends to use the proceedings to restructure and strengthen its balance sheet” and that the RSNs “will continue to operate in the ordinary course during the Chapter 11 process.” The company added that it possesses $425 million of cash in order to continue funding its business during the process.

MLB, whose teams draw significant revenues from its RSN deals with companies like Sinclair, is the most directly impacted by Diamond’s situation, given that its season will begin in less than three weeks. Diamond owns the rights to 14 major league teams and must continue to pay them their rights fees; otherwise, teams would be free to break their contracts, at which point MLB might take over broadcasting duties

To this point, Diamond has made payments to all its teams except the Arizona Diamondbacks, with whom they recently entered a contractual grace period. Other teams with Diamond, which run their broadcasts under the name Bally, include: the Detroit Tigers; Miami Marlins; Cleveland Guardians; Kansas City Royals; St. Louis Cardinals; Minnesota Twins; Cincinnati Reds; San Diego Padres; Los Angeles Angels; Atlanta Braves; Texas Rangers; Tampa Bay Rays; and Milwaukee Brewers.

MLB issued a statement on Tuesday night, calling the bankruptcy declaration an “unfortunate development” but assuring fans that they will not miss their team’s games this season.

“Despite Diamond’s economic situation, there is every expectation that they will continue televising all games they are committed to during the bankruptcy process,” the statement read. “Major League Baseball is ready to produce and distribute games to fans in their local markets in the event that Diamond or any other regional sports network is unable to do so as required by their agreement with our Clubs.”

The statement mentioned MLB’s experience with streaming live games on MLB.tv and producing games for MLB Network as proof of its capability “to deliver games to fan uninterrupted.”

“We think it will be both linear in the traditional cable bundle and digitally on our own platforms,” MLB commissioner Rob Manfred said of what it would look like if MLB takes on the responsibility of airing games in local markets at the onset of spring training. “But that remains to be seen.”

Sinclair, with Diamond acting as a subsidiary, purchased the RSNs from Fox in 2019, after Disney was forced to sell them off, for $10.6 billion. In the process, though, the company took on roughly $8 billion in debt, putting itself in a precarious position as the rate of cord-cutters increased.

Diamond, which initially began its grace period after skipping a $140 million interest-only payment to creditors in the middle of February, announced Tuesday it will now separate its business from Sinclair and become a standalone company. During bankruptcy proceedings, Diamond’s debt will turn into equity for its secured creditors.

The goal, a source familiar with the situation said, is for the company to acquire streaming rights for all 14 of its major league teams in order to broadcast games both through a linear cable model and on direct-to-consumer platforms. At the moment, Diamond has rights to stream the games to just five teams. It would have to negotiate the other nine with MLB, but MLB has previously been hesitant to sign off on additional rights for a company that has yet to prove itself financially sustainable.

Diamond’s filing was made through the U.S. Bankruptcy Court for the Southern District of Texas. In a statement, Diamond CEO David Preschlack wrote that the restructuring process “will allow [Diamond] to evolve our business while continuing to provide exceptional live sports productions for our fans.”

“With the support of our creditors,” Preschlack added, “we expect to execute a prompt and efficient reorganization and to emerge from the restructuring process as a stronger company.”

Diamond’s hope to building a sustainable business, a source said, is to prop up its Bally Sports+ streaming platform, ideally by making it a one-stop shop for fans to also purchase tickets and merchandise, place bets and read up on their teams. Diamond owns streaming rights for all 16 of its NBA teams and all 12 of its NHL teams, but for only about a third of its MLB teams.

Through the restructuring process, Diamond is widely expected to shed the contracts of its less-profitable teams. Not being able to acquire direct-to-consumer rights, which was part of the reason it entered into a grace period with the D-backs, will factor into which teams it chooses to hold onto.

MLB’s long-term goal, a source familiar with the league’s thinking said, is to control the rights for all its teams under one umbrella, a circumstance that could end the blackout issues that have plagued the sport in recent years. Diamond’s bankruptcy proceedings — in addition to Warner Bros. Discovery, which broadcasts the Pittsburgh Pirates, Houston Astros and Colorado Rockies, informing teams it will soon go through a liquidation — marks the beginning of that process.

In the short-term, MLB would broadcast the games of teams who end their contracts with Diamond both through their MLB.tv application and on a yet-to-be-determined cable channel. In anticipation of a development like this, MLB announced at the start of March that it had created a new local media department, headed by Billy Chambers, Sinclair’s former chief financial officer.

All team broadcasts, sources said, are expected to continue on as normal at the start of the season because Diamond is expected to keep broadcasting games while teams go through the court process of breaking free from their contracts after missed payments. The question becomes which teams Diamond will shed — the New York Post previously reported that the D-backs, Reds, Guardians and Padres will be among them — and how MLB approaches the situation thereafter.

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Panthers-Hurricanes Game 5 preview: Can Carolina force another game?

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Panthers-Hurricanes Game 5 preview: Can Carolina force another game?

All signs pointed to the Florida Panthers finishing off the Carolina Hurricanes in Game 4, but the Canes kept the series rolling with a 3-0 win on Monday.

Will the Panthers finish the story in Game 5? Or will the Hurricanes send the festivities back to South Florida again?

Here are matchup notes heading into Wednesday’s Game 5 from ESPN Research, as well as betting intel from ESPN BET:

More on Game 4: Recap | Grades

Matchup notes

Florida Panthers at Carolina Hurricanes
Game 5 | 8 p.m. ET | TNT

The Panthers’ odds to win the series are now -1600, adjusted from -5000 heading into Game 4. The Hurricanes’ odds have shifted to +750 (adjusted from +1500) after their win. The Panthers’ odds to win the Cup are now +105 (previously -110), while the Canes’ are now +1800. Sergei Bobrovsky is the leading Conn Smythe candidate in this series at +200, followed by Aleksander Barkov (+800).

Game 4 was the Canes’ first win in the round since Game 7 of the 2006 Eastern Conference finals against the Buffalo Sabres, snapping a 15-game conference finals losing streak. It was the longest losing streak in NHL playoff history for a team in the round preceding the Stanley Cup Final. The Hurricanes are now 4-4 all-time in Game 4s when trailing 3-0 in a best-of-seven series.

Frederik Andersen made 20 saves for his fifth career playoff shutout, his second with the Hurricanes. He joins Cam Ward (four), Kevin Weekes (two) and Petr Mrazek (two) as goaltenders with multiple playoff shutouts in Whalers/Hurricanes Stanley Cup playoffs history.

Carolina’s Logan Stankoven scored playoff goal No. 5 in the second period. He joins Erik Cole (six in 2002) and Warren Foegele (five in 2019) as the only rookies in Whalers/Hurricanes history to score at least five goals in a single Stanley Cup playoffs year.

Sebastian Aho scored an empty-net goal in the third period, his 32nd career playoff tally. That extends his own franchise record for career goals in the Stanley Cup playoffs.

The Panthers were shut out for the second time this postseason; both games were at home — the other instance was Game 6 of the second-round series against the Toronto Maple Leafs.

Florida went 0-4 on the power play in Game 4, and the team is now 0-8 with the man advantage in the last two games of this series after going 4-for-5 in Games 1 and 2.

Though he hasn’t scored a goal in the past two games, Sam Bennett has a team-leading nine this postseason. That is two shy of the franchise record in a single playoff year, currently held by Matthew Tkachuk (2023) and Carter Verhaeghe (2024).


Scoring leaders

GP: 16 | G: 6 | A: 9

GP: 14 | G: 5 | A: 9

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Astros’ Blanco having elbow surgery, done for ’25

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Astros' Blanco having elbow surgery, done for '25

Houston Astros right-hander Ronel Blanco will have surgery on his right elbow and will miss the remainder of the 2025 season, the team announced Wednesday.

The starter had sought a second opinion after being placed on the injured list last week with inflammation in the elbow.

The Astros said Blanco — who is 3-4 with a 4.10 ERA, 48 strikeouts and 20 walks in nine starts this season — is anticipated to return at some point during the 2026 season.

Blanco, 31, is among a long list of starting pitchers on the injured list for the Astros. Right-hander Hayden Wesneski underwent season-ending Tommy John surgery last week, while right-hander Spencer Arrighetti has been out since April after breaking his right thumb in a batting practice mishap.

Houston is also without right-handers Luis Garcia and Cristian Javier, who are both still recovering from Tommy John surgery.

Blanco is in his fourth major league season, all with the Astros. In 2024, he finished 13-6 with a 2.80 ERA in 30 games (29 starts). He threw his only career complete game in his season debut on April 1, no-hitting the Toronto Blue Jays in a 10-0 win.

The Associated Press and Field Level Media contributed to this report.

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Renovated Belmont to host Breeders’ Cup in ’27

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Renovated Belmont to host Breeders' Cup in '27

The Breeders’ Cup world championships are returning to New York in 2027 at the rebuilt Belmont Park, following a massive renovation project to revitalize one of the most important horse racing tracks in the country.

New York Gov. Kathy Hochul, along with officials from the Breeders’ Cup and the New York Racing Association, announced Wednesday that the track on the edge of Queens and Nassau County on Long Island will stage the event in the fall two years from now.

“We wrote the governor of New York a letter in 2023 that simply said, ‘If you build it, we will come,'” Breeders’ Cup Limited president and CEO Drew Fleming said in a phone interview with The Associated Press. “And so we’re very honored to keep our word and have a wonderful Breeders’ Cup world championship here in 2027 to showcase the new development and investment in Belmont Park to our fans from across the globe.”

Keeneland in Lexington was revealed as the 2026 host.

Belmont Park was last home to the Breeders’ Cup in 2005, the fourth time in two decades after also being there in 1990, 1995 and 2001. A goal of the $455 million teardown and reconstruction was to attract the major event.

“It was always part of the plan: We weren’t going to redevelop Belmont Park without Breeders’ Cup in mind, so it was always part of the initial goals,” NYRA president and CEO David O’Rourke told the AP by phone. “Getting the championships back to New York is big from an economic point of view and probably one of the most important [things], if not the most important. It gives our trainers and horsemen a chance to compete on their home tracks. I think it’s great. It’s been over 20 years.”

Hochul said in a statement that the redevelopment is bringing thousands of jobs and $1 billion in long-term economic activity to Long Island.

“Thanks to the investments we are making at Belmont Park, the long held dream of bringing the prestigious Breeders’ Cup back to New York will soon be a reality,” Hochul said.

The Breeders’ Cup has been at a Kentucky or California track every year since 2008. Del Mar outside San Diego has it this year as a back-to-back host and for the fourth time since 2017.

Santa Anita outside Los Angeles, Keeneland and Churchill Downs in Louisville — home of the Kentucky Derby — have become the regular sites for the two-day festival featuring the best thoroughbreds in the world and tens of millions of dollars’ worth of races. It’s shifting back to the Eastern time zone for the next two years.

“California is and has always been a wonderful spot to have the Breeders’ Cup with Santa Anita Park and Del Mar, but one of the missions of the Breeders’ Cup is to grow the sport, and one of the ways we do this is hosting world championships at various venues across the United States,” Fleming said, adding that he expects the event to generate $100 million for the New York economy.

While NYRA has not announced a location for the 2026 Belmont Stakes, the third leg of the Triple Crown is set to return to its old home by 2027, after a multiyear stint at historic Saratoga Race Course in upstate New York during renovations.

With the Belmont at Belmont Park shifting back to an annual occurrence, it is possible the track known for greats like Secretariat and Seattle Slew rumbling down the stretch to the finish line with fans roaring might get back in a regular rotation.

“The best part about working for the Breeders’ Cup is that nothing is off the table,” Fleming said. “New York City has some of the finest accommodations and restaurants and entertainment in the world, so it’d be a natural fit that we would be at Belmont Park frequently.”

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