"Bally Sports" reported financial crisis.

(File photo, Associated Press)

[Sports Center/Comprehensive Report] The regional sports online media "Bally Sports", which owns the rights to broadcast 42 professional sports teams in North America, announced on Wednesday, US time, that its parent company, Diamond Sports Group, could not pay US$140 million interest and is expected to file for bankruptcy.

The Associated Press reported that a 30-day grace period will begin for the payment owed by the Diamond Sports Group, which may be a prelude to filing for bankruptcy and may also change viewers' habits of watching TV broadcasts.

Diamond Sports Group, a subsidiary of Sinclair Broadcasting Group, owns the rights to 14 major league teams, 16 NBA teams, and 12 NHL teams.

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These 14 major league teams include Diamondbacks, Warriors, Redskins, Guardians, Tigers, Royals, Angels, Marlins, Brewers, Twins, Padres, Cardinals, Rangers, Rays; 16 NBA teams There are Eagles, Hornets, Cavaliers, Lone Ranger, Pistons, Pacers, Clippers, Grizzlies, Heat, Bucks, Timberwolves, Pelicans, Thunder, Magic, Suns, Spurs.

"Bally Sports" reported financial crisis.

(File photo, USA Today)

Diamond Sports Group’s quarterly financial report as of September 30 last year showed that its liabilities were as high as US$8.674 billion.

In addition, Diamond Sports Group has nearly $1 billion in copyright payments, mostly to professional baseball teams, due in the first quarter of this year.

Major League Chairman Rob Manfred said that if "Bally Sports" defaults on the money owed to the team and fails to pay, these teams will terminate the agreement. At that time, the major league will intervene and produce and broadcast the game. It will use "MLB Network ' to do these things.

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