The clock may be about to strike midnight for Main Street Sports and the FanDuel RSNs.
The organization that houses the local rights to dozens of professional sports teams has been over a roller coaster ride in the last several years. After having to be spun-off from Disney’s acquisition of 21st Century Fox, the regional sports networks were held by Sinclair under the Diamond Sports umbrella.
For years, Sinclair struggled to keep the RSN business afloat, finally entering Chapter 11 bankruptcy proceedings. But after 20 months of wrangling with the sports leagues and Sinclair in the legal system, the company completed an improbable climb out of bankruptcy, moving forward with a slimmed down version of the business. That new…