Major League Baseball and the Atlanta Braves expressed serious concerns regarding Diamond Sports Group's reorganization plan, specifically the lack of clarity and credible financial projections.
The objections filed highlight fears of Diamond's potential return to financial distress if the proposed plan lacks the necessary transparency and viability.
With Diamond nearing two years in Chapter 11 bankruptcy and several MLB teams severing ties, the firm faces significant challenges in its reorganization efforts.
Diamond's recent contract changes, including moving from Bally Sports to FanDuel Sports and pursuing a deal with Amazon, add another layer of uncertainty.
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