Bally Sports Owner Files for Chapter 11 Bankruptcy

A member of the Houston Astros stands in the dugout in front of a Bally Sports sign before the team's spring training baseball game against the St. Louis Cardinals in Jupiter, Fla., on March 2, 2023. Jeff Roberson/AP Photo

Diamond Sports Group, the largest owner of regional sports networks, filed for Chapter 11 bankruptcy protection on Tuesday. The move came after it missed a $140 million interest payment last month.

Diamond owns 19 networks under the Bally Sports banner. Those networks have the rights to 42 professional teams—14 baseball, 16 NBA, and 12 NHL.