Diamond Sports Expected to File for Bankruptcy This Week
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For Diamond Sports, it's the bottom of the ninth and they're down to their last strike.
Carrying roughly $8 billion in debt following a $10.6 billion deal to acquire 21 regional sports networks (RSNs) from Disney in 2019, the broadcast company, a subsidiary of Sinclair that operates the Bally Sports brand, is now widely expected to file for bankruptcy by the end of the week. At least it's not a bank.
Source Fool.com
