Court Approves Diamond SportsNBA and NHL Deals Amid Bankruptcy
The agreements ensure broadcast coverage for the 2024-25 season, while MLB raises concerns over financial stability.
- Diamond Sports' deals with the NBA and NHL have been approved by a federal judge.
- The company aims to finalize its reorganization plan and emerge from bankruptcy by April 1, 2025.
- MLB has expressed doubts about Diamond's long-term viability and transparency in its financial dealings.
- Diamond is required to cut remaining MLB payments to $20 million by mid-October.
- A status conference is scheduled for early October to set a final confirmation hearing date.
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