BREAKING: 12 NHL Networks May Be Forced to Cancel as They File $55 Billion in Bankruptcy
If you rely on the American site Bally's and Sinclair sports you could be in jeopardy of losing the opportunities to watch your favorite hockey team.
After it was reported that Sincalir's Sports Channels are preparing for bankruptcy. This would include the Bally Sports RSNs.
The company called Diamond Sports Group LLC, which runs Sincalirs sports channels, is reportedly $8.6 billion in debt. Sinclair is hoping to strike a deal to help them keep the channels operating thanks to bankruptcy.
This would affect Los Angeles, Anaheim, Arizona, Dallas, St. Louis, Minnesota, Detroit, Columbus, Nashville, Carolina, Tampa Bay, and Florida.
In total, Sinclair owes $55 billion in sports-media rights, according to Bloomberg. Recently a growing number of networks, including DISH have dropped Bally Sports Network.
So they tried to take a Netflix approach charging their customers a $20 a month subscription service to get Bally Sports networks without cable TV. However, it's been very disappointing so far.
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