In its request DSG said:
Diamond Sports Requests Another Extension in Bankruptcy Case“The debtors’ Chapter 11 cases are tremendously complex and are occurring while the cable industry is rapidly changing due to subscribers’ persistent ‘cord cutting’ as they move away from traditional cable and satellite multichannel video distributors.
Navigating these choppy waters requires discussions with, and cooperation from, many parties, including multiple creditor groups, sports leagues, teams, and MVPDs. With the NBA and NHL seasons almost here, and a key MVPD contract up for renewal, the debtors realize that time is short and each day matters.”
DSG is also embroiled in a legal battle with corporate parent company Sinclair Inc. The company has filed a $1.5 billion fraud claim against Sinclair and followed that up with a second lawsuit against JPMorgan Chase. DSG alleges that the firm facilitated the funneling of $922 million in dividend payments from DSG while the company was moving towards insolvency.
An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.