On June 18, 2024, Houston bankruptcy judge Chris Lopez will decide if Diamond Sports Group has come up with the right restructuring plan to finally exit a Chapter 11 restructuring process that began in March of the previous year.
Diamond Sports Group, the bankrupt Sinclair Broadcast Group subsidiary that manages the Bally Sports regional channels, seemed almost certain to face liquidation as recently as early January.
But then its fortunes began to turn around.
In early February, Diamond filed three bankruptcy court motions, indicating that it had somehow, some way, through mediation, reached agreements with the Texas Rangers, Minnesota Twins and Cleveland Guardians to keep the team on its regional sports network through Major…
