Amazon Will Invest in Diamond Sports as Part of a Bankruptcy Restructuring Agreement

Cincinnati Reds' Joey Votto (R) sits in the broadcast booth with John Sadak (CR) and Barry Larkin (CL) during a baseball game against the St. Louis Cardinals in Cincinnati on Aug. 31, 2022. Jeff Dean/AP Photo

Amazon will partner with Diamond Sports as part of a restructuring agreement as the largest owner of regional sports networks looks to emerge from bankruptcy.

Diamond owns 18 networks under the Bally Sports banner. Those networks have the rights to 37 professional teams—11 baseball, 15 NBA and 11 NHL.