Chopping With The Braves And Rolling With The Tide
Damn
Ivermectin Man
Cards are gonna take a bath on this one…
Sucks we didn’t get to cash in on the TV rights bubble before it busted.
whomever in our organization took the bribes to lock us in with then Fox Sports for 20 years at way below market value should be shot and buried at Turner Field.
Forever Fredi
DirkPiggler (01-26-2023)
Originally Posted by The Chosen One
It was a means to lower the sale price. Liberty media consented to that.
"Donald Trump will serve a second term as president of the United States.
It’s over."
Little Thethe Nov 19, 2020.
Wasn't the TV deal done well before the Liberty purchase? I thought that went back further, and was more about propping up TWAOL stock, but could be misremembering.
Will I still be able to watch the braves on directv?
So - question - if the RSNs are bellied up - I assume we can’t just get out of the deal completely and then renegotiate a much more favorable Braves friendly deal…. And get rid of the dumbass blackout rule for our region in the process….. wouldn’t that be swell!
Its been a while since my bankruptcy classes in law school but I'll try to shed what light I can on what's going on.
It's not looking like the RSNs are going belly up. Their problem doesn't seem to be revenue as much as debt structuring. It's not uncommon for a company to have a viable business but to have saddled themselves with too much debt in the process of growing that they can't maintain it.
The bankruptcy being contemplated doesn't appear to be a liquidation but a restructuring. In the bankruptcy, some of the creditors (depending on priority) are likely to end up having their debt converted to equity and so be owners of the company that emerges from bankruptcy. Of course someone looking to take over the new company emerging from bankruptcy could buy the debt and so take over the company when the debt is converted to equity.
The company that emerges from bankruptcy could very well be strong and viable. If they don't have the debt obligations that Bally currently has then they might be able to turn a nice profit.
What this means for the Braves is less clear but I wouldn't expect the deal to change. The Braves deal is still incredibly friendly to any broadcast company that holds it. Even if the bankruptcy converted to a straight liquidation I don't think you see the deal change. That deal is an asset that could be sold to another company. Even if the RSNs go belly up there's some company out there somewhere that would buy that contract and show Braves games. More likely the RSNs will continue in some form with the Braves deal continuing as it has.
Last edited by striker42; 01-26-2023 at 08:58 AM.
I wonder if Liberty Media / Braves sees this as an opportunity?
This could be a huge blow to teams that depend heavily on RSN revenue. A team getting shares of a bankrupt company instead of cash could be devastating. Next offseason will teams be offering cash and stock in RSN's to players?
Where would the money come from for a more favorable deal for the Braves if all the RSNs are broke?
Not surprising. It's almost like removing your product from all but 1 TV provider is bad for business. Who knew?
Once their bluff was called, it was over
Ivermectin Man
Bally sports could lose MLB rights if it declares bankruptcy
https://cordcuttersnews.com/bally-sp...kruptcy/?amp=1
Chopping With The Braves And Rolling With The Tide
Somebody get Ted Turner on the phone! Let’s go back to being America’s team with TBS broadcasting us coast to coast!!
Man, those were the days of dreams. Cubs on at 2, catch some Andy, then Braves at 7:05. Harry and Skip Caray every day all summer long.
Damn my childhood was magical —and I didn’t even appreciate it like I should have .
MLB made this impossible. First they required us to split the TBS money evenly with every other team. Then they said we had to significantly raise the price to a level no TV station could afford. And this was all done in the name of stopping the Yankees....... who it had no effect on.
"Donald Trump will serve a second term as president of the United States.
It’s over."
Little Thethe Nov 19, 2020.
Chopping With The Braves And Rolling With The Tide
Could this then be a good thing for the Braves since we currently don't have a huge TV contract like other teams with Bailey?
One thing that’s different about the Braves is their contract is much longer than what is typical for the business although we’re now in the last 5 years. I kind of suspect the deal MLS did with Apple TV because it would be much more accessible although the concept of individual teams’ market areas would be an issue. Then you could have some free national games to draw interest. I think the RSN model is actually hurting the long term popularity of the game.
Any chance we see the braves on dish again now?
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