New York’s highest court found the Mid-Atlantic Sports Network, which is controlled by the Baltimore Orioles, has no right to take the dispute over $100 million in missing rights fees payments from 2012 to 2016 to an independent arbitrator, as it had been seeking. The court did not compel payment of the money immediately, and the sides must continue negotiating over the amount to be paid to the Nationals.
The Nationals will not be paid immediately. The team and MASN are likely to go before an arbitrator, who will determine the exact amount the Nationals are owed. It could end up being less than $100 million because of profit disbursements the network already has made to the team.in front of a panel of judges in Albany. MASN argued that the dispute should be heard by an independent arbitrator because MLB was biased in favor of the Nationals, but the court rejected that argument.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Supreme court declines oil companies' request to shift climate suits to federal courtThe U.S. Supreme Court declined Monday to hear arguments from oil companies on why a...
Source: HoustonChron - 🏆 609. / 51 Read more »