Overview
- Sports Business Journal reports Main Street could file for Chapter 7 and liquidate as soon as next week, though freeing itself of MLB rights may allow operations to continue through April.
- On Jan. 8, nine MLB clubs terminated their legacy RSN deals after missed payments, including a lapsed fee to the Cardinals that accelerated the crisis.
- Main Street is expected to tell NBA and NHL teams next week if it can finish the regular seasons, with any extension likely involving rights-fee cuts of more than 20%.
- MLB has pledged to backstop affected teams so local games remain on cable with an in-market streaming option, and the league already produces local broadcasts for seven clubs.
- Talks with potential buyers such as DAZN have not produced a deal, with reporting indicating suitors may wait for a collapse as Main Street confronts an internal early‑February funding horizon.