MLB has obviously known about all of this for some time and has plans in place to offer free in-market streaming for the impacted teams until a long-term solution can be found. That group consists of the Diamondbacks, Guardians, Padres, and Reds, the latter of which can ill afford to see a major revenue stream dry up when ownership is already crying poor. Four of the 14 teams currently broadcast on Bally networks, however, will have their contracts rejected.

“We are utilizing this process to reset our capital structure and strengthen our balance sheet through the elimination of approximately $8 billion of debt.”ĭSG claims to have around $425 million in cash on hand to continue operating as usual during the bankruptcy filing, though it will try to restructure most of its MLB deals.

“The DSG Board of Managers has been evaluating strategic opportunities with the support of its advisors and in coordination with creditors to position the Company for long term success and has determined that the best path forward for the Company and its stakeholders is to restructure through a Chapter 11 process,” CEO David Preschlack explained.

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