Diamond Sports Group, parent company of Bally Sports Kansas City, appears closer to bankruptcy just as the Kansas City Royals are limbering up in spring training.
The company, a subsidiary of Sinclair Broadcasting Group Inc. (Nasdaq: SBGI), skipped its $140 million debt payment Feb. 15, the Baltimore Business Journal reports. Diamond owns 19 regional sports networks that broadcast professional games, including the Royals.
As Diamond enters its 30-day grace period, it said it plans to continue to…Bally Sports Kansas City parent Diamond Sports Group inches closer to bankruptcy
Diamond Sports Group, parent company of Bally Sports Kansas City, appears closer to bankruptcy just as the Kansas City Royals are limbering up in spring training.
The company, a subsidiary of Sinclair Broadcasting Group Inc. (Nasdaq: SBGI), skipped its $140 million debt payment Feb. 15, the Baltimore Business Journal reports. Diamond owns 19 regional sports networks that broadcast professional games, including the Royals.
As Diamond enters its 30-day grace period, it said it plans to continue to…