Rob Manfred: MLB prepared for whatever happens with Bally Sports networks' parent company

MLB commissioner Rob Manfred says the league is prepared for whatever happens with Diamond Sports Group after the financially troubled parent company of 19 Bally Sports regional networks skipped about $140 million in interest payments.

Diamond is a subsidiary of Sinclair Broadcast Group Inc., and its regional networks broadcasts games of 14 MLB, 16 NBA and 12 NHL teams. In Texas, the Texas Rangers and Dallas Stars both broadcast their games on Bally Sports Southwest. Diamond said as of Sept. 30 it had debt of $8.674 billion. It has nearly $1 billion in rights payments, mostly to baseball teams, due in the first quarter this year.

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Rob Manfred questions whether San Diego Padres can sustain their huge payroll in small marketMLB commissioner Rob Manfred questioned Wednesday whether teams like the San Diego Padres can sustain their massive payroll in a small market. Their owner has money outside of the team. Big money. About the only threat is Bally sports going under.
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