Is Bally Sports Closing Permanently In 2024?

About Bally Sports

Bally Sports is a network of regional sports games that is owned by Diamond Sports Group, which is a joint venture between Allen Media Group and Sinclair Broadcast Group.

Bally Sports Is In Trouble

In March, Diamond Sports Group, parent company of Bally Sports filed for voluntary Chapter 11 bankruptcy protection after missing out on a $140 million interest payment on its debts.

Is Bally Sports Going Out Of Business In 2024?

Diamond Sports Group, the parent company of Bally Sports and of 18 other Bally regional networks in the U.S., will likely shut down after the 2024 MLB regular season concludes.

Why Is Bally Sports Going Out Of Business?

The parent company of Bally Sports has $8.6 million of debt, and because of this, it is most likely going out of business.

How Many Teams Are Still There With Diamond?

Diamond still has fifteen teams with it, including, The Atlanta Hawks, Cleveland Cavaliers, Charlotte Hornets, and more.

What comes after this for Bally Sports?

Daimond’s plan to stream NBA, MLB, and NHA games throughout the end of 2024. After this it will start repaying debt to creditors by selling off assets or liquidating.

What comes after this for Bally Sports?

Daimond’s plan to stream NBA, MLB, and NHA games throughout the end of 2024. After this it will start repaying debt to creditors by selling off assets or liquidating.