The owner of Ballys Sports has filed for Chapter 11 bankruptcy protection as analysts watch to see if it's a sign of what's to come for the industry. MORE ⬇️
Bally Sports' parent company Diamond Sports Group has filed for Chapter 11 bankruptcy protection which will trigger an immediate separation from Sinclair Broadcast Group, an agreement that began in 2021.
The company revealed details on the filing on Tuesday in a U.S. Bankruptcy Court for the Southern District of Texas.
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