Here's what the CEO of the bankrupt Diamond Sports had to say.
David Preschlack, the CEO of Diamond and a former NBC Sports executive, reassured fans in a statement on Tuesday that live broadcasts will continue while the company restructures and unloads its debt.
"DSG will continue broadcasting games and connecting fans across the country with the sports and teams they love,” Preschlack said in the statement. “With the support of our creditors, we expect to execute a prompt and efficient reorganization and to emerge from the restructuring process as a stronger company.
Perhaps the NBA and NHL would do the same, although the 2022-2023 regular season for each league is nearly over. The NBA renewed its streaming deal with Diamond Sports in June even with the company's looming bankruptcy, . Under the agreement, Bally Sports+, a direct-to-consumer streaming service launched by the company in September for fans who do not have cable packages, would continue to stream games for the 16 NBA teams carried on the networks.The NBA's deal with Diamond Sports includes one-year deals that run through the 2024-25 season, per SBJ, which adds that the company must meet 13 conditions annually to trigger the deal for the following 12 months.
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