Overview
- Main Street Sports Group is in advanced talks to sell a majority stake to DAZN, a transaction that reports say must close by January to avert a shutdown.
- The company missed a December rights payment to the St. Louis Cardinals and told NBA teams that about $180 million in payments from January onward might not arrive.
- If the DAZN sale fails, Main Street plans to wind down and dissolve the FanDuel Sports Networks, with the NBA preparing for a potential midseason collapse.
- The NBA has told affected clubs it would shift local game distribution to League Pass and help teams secure over‑the‑air linear partners if the RSNs go dark.
- In the event of missed payments, rights would revert to teams, a process MLB has recently managed for several clubs, while Main Street says it would seek a cure period rather than refile for bankruptcy.