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3h ago

FanDuel-Branded RSNs Face Shutdown Without January DAZN Sale

The NBA has told affected clubs it would produce and stream games on League Pass if the networks collapse.

General detail view of a Spalding basketball dropping into the hoop to score during the NBA Midwest Division basketball game against the Phoenix Suns on 16th April 1991 at the McNichols Sports Arena, Denver, Colorado, United States. The Phoenix Suns won the game 153 - 118. (Photo by Tim DeFrisco/Allsport/Getty Images)
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The way local sports are broadcast would change if Main Street Sports Group collapses.

Overview

  • Main Street Sports Group missed a December rights payment to the St. Louis Cardinals and warned NBA teams that $180 million in fees due from January may not arrive.
  • DAZN is in advanced discussions to acquire a majority stake, but talks are described as last-ditch and in limbo with a January closing viewed as pivotal.
  • Without a deal, Main Street plans to wind down operations after the NBA and NHL regular seasons, and the NBA is preparing for a possible midseason shutdown.
  • The company is expected to enter a cure period rather than file bankruptcy, and if payments are not cured, local broadcast rights would revert to individual teams.
  • MLB has already taken over production for several clubs and bundled in-market streaming with ESPN, and a similar shift could expand to teams now on FanDuel channels.