Diamond Sports Group's recent deals with the NBA and NHL mark a significant step in their Chapter 11 bankruptcy reorganization, ensuring broadcast rights for the 2024-25 seasons.
The judge's approval allows Diamond to move forward with their plans, aiming for a reorganization plan confirmation by the first half of November.
MLB expressed strong concerns regarding the lack of transparency on the details of the new agreements, raising questions about the future direction of Diamond Sports.
With new agreements in place and certainty about broadcasting for 22 teams, the pressure is on Diamond to complete its restructuring process by April 1, 2025.
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