Diamond Sports Group, the largest owner of regional sports networks, will miss a $140 million interest payment next week, which would put the company closer to filing for bankruptcy
Diamond Sports Group, the largest owner of regional sports networks, will miss a $140 million interest payment next week, which would put the company closer to filing for bankruptcy.
Two people familiar with the financing plans told The Associated Press that the missed interest payments would begin a 30-day grace period, where Diamond Sports Group could negotiate with creditors and restructure its debts. Another avenue could be a pre-arranged Chapter 11