Major League Baseball and the Atlanta Braves have objected to Diamond Sports Group's current restructuring plan, according to a Friday bankruptcy court filing.
They said their concern stems from a lack of information about the restructuring proposal for the country's largest owner of regional sports networks. The filing noted that both MLB and the Braves have a vested interest in Diamond Sports succeeding with a reorganization plan, but they are not convinced that the one currently proposed is viable.A representative for Diamond didn't immediately comment on the filing. Meanwhile, Diamond will seek approval of its reorganization plan from a U.S. bankruptcy judge on Thursday.
MLB and the Braves are also concerned about confusion over Diamond Sports' direct-to-consumer plan, a strategy that has only become more important as more customers exit from traditional cable bundles.