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The fact that we're outside the 18 month exclusivity period makes things interesting. Under US Bankruptcy law, when a corporation files Chapter 11 you can have an"debtor in possession" situation. Basically the existing leadership gets to stay in charge of the company and try to work out a plan for the company to exit bankruptcy as a going concern.

Part of this is an exclusivity window. Basically there's a period of time where only the debtor may propound plans to exit bankruptcy. This can be up to 18 months if the debtor can show cause.

After the exclusivity window, creditors can come in and propose their own plans. This can result in the creditors taking over the bankruptcy and leaving the corporation's leadership out in the cold.

Diamond seems to be pretty far along in getting their plan approved (I haven't looked too deeply into it) so them getting it approved and exiting bankruptcy is the most likely scenario.

However, if their plan gets derailed then I fully expect the creditors, led by the sports leagues, to take over. If that happens I think there's a good chance Diamond gets ripped up as we know it.

One thing to keep in mind, Diamond's plan failing doesn't automatically mean the Braves are out of their contract. That contract is so favorable to Diamond that it would have value on the market. Even if a contract says it's not assignable, a bankruptcy trustee can usually still assign it without consent. So the Braves' contract could potentially be sold. There are exceptions to this rule of course and I have no idea if any would apply but it's not automatic the Braves would be out of their deal.

Still a lot of ways this could go. It could be anything from Diamond exiting bankruptcy as a profitable business to the case being converted to a liquidation (less likely).
 
Diamond also intimated in court that if the Los Angeles Angels, Cincinnati Reds, St. Louis Cardinals, Kansas City Royals and Miami Marlins do not accept renegotiated deals, Diamond will eventually walk away from them as well.

The one team whose current TV contract Diamond last week said in court it intended to keep is the Atlanta Braves.

Why does Diamond have such a hard on to keep the braves and no other team?
 
Krgrecw said:
Diamond also intimated in court that if the Los Angeles Angels, Cincinnati Reds, St. Louis Cardinals, Kansas City Royals and Miami Marlins do not accept renegotiated deals, Diamond will eventually walk away from them as well.

The one team whose current TV contract Diamond last week said in court it intended to keep is the Atlanta Braves.

Why does Diamond have such a hard on to keep the braves and no other team?
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Money. Braves have a huge audience and the contract isn't as much compared to other teams.
 
Another reason why I wish the Braves could separate from FanDuel. This stuff keeps happening with that channel
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I don’t think things will change as far as TV coverage for the Braves go for the near future. But the fact the Braves are going MLB in objecting to the Diamond Sports proposal is interesting.

The Angels and Cardinals have announced deals with FanDuel Sports. The Reds have announced they will seek a new broadcast partner.
 
It's hilarious that the Braves are the lone outcast in all of this.

Because it highlights just HOW f---ing terrible we got the short end of the stick on that 20 year extension we signed 20 years ago.

Whoever was in charge of negotiating that on our behalf, and agreed to sign that WAY below market value TV right before the TV deal boom of the early 2010's needs to be taken behind Truist Park an shot and buried in the cement.

Diamond knows they're making great money off the Braves thanks to that horrible extension we signed in the 2000's. It was a year or two after Turner South was sold to Fox Sports Net.
 
The Chosen One said:
It's hilarious that the Braves are the lone outcast in all of this.

Because it highlights just HOW f---ing terrible we got the short end of the stick on that 20 year extension we signed 20 years ago.

Whoever was in charge of negotiating that on our behalf, and agreed to sign that WAY below market value TV right before the TV deal boom of the early 2010's needs to be taken behind Truist Park an shot and buried in the cement.

Diamond knows they're making great money off the Braves thanks to that horrible extension we signed in the 2000's. It was a year or two after Turner South was sold to Fox Sports Net.
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Yeah, the Braves are their cash cow when it comes to revenue. And now, Diamond Sports Group is in trouble and they are hoping the Braves help keep them afloat. I am glad MLB is in the Braves corner here and hope they tell DSG to kick rocks. Diamond is an incompetent organization. They’ve gone this long in bankruptcy without a strong plan to get out of it and their hope is this “plan” will get them out. Say what you want about Rob Manfred, but he sees their game.

Unfortunately, if you want the Braves out from under Diamond, one observation I’ve had is this judge seems to have been rather friendly to DSG. So will that continue in next week’s hearing? Time will tell. I hope the judge is tough on them this time. Diamond has to quit kicking the can. And if this is their plan, just yikes.
 
The Chosen One said:
It's hilarious that the Braves are the lone outcast in all of this.

Because it highlights just HOW f---ing terrible we got the short end of the stick on that 20 year extension we signed 20 years ago.

Whoever was in charge of negotiating that on our behalf, and agreed to sign that WAY below market value TV right before the TV deal boom of the early 2010's needs to be taken behind Truist Park an shot and buried in the cement.

Diamond knows they're making great money off the Braves thanks to that horrible extension we signed in the 2000's. It was a year or two after Turner South was sold to Fox Sports Net.
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Didn't Ted Turner negotiate it with himself?
 
Hearing in bankruptcy court is set for Thursday. Again, I’m going to be surprised if the judge rules against Diamond’s plan, though it have my doubts about it. It does make me wonder if the plan gets approved, the Braves might seek litigation to get out of the contract. I don’t know what the chances are, but we’ll see.
 
The Chosen One said:
No. Ted wasn't involved with Turner Networks or the Braves long before that.
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It was something to do with facilitating the sale to Time Warner if I remember right. Locking in a low cost deal for the TV network which TW owned (I think).

I used to drink a lot, so I may be misremembering the details. But it was done in a shady fashion and screwed the team...I do know that much for certain.
 
Diamond sports group reached an agreement with Amazon prime

Diamond Sports Group, the bankrupt operator of regional sports networks, has announced a commercial agreement with streaming giant Amazon that will allow in-market fans to watch their teams through Prime Video.

The agreement extends to Diamond's 16 RSNs in 31 states and will be available "as an add-on subscription" for those who already have access to Amazon Prime, limited to customers corresponding within each team's designated geographic area, Diamond announced in a news release Wednesday.

Pricing and a start date have yet to be determined. The agreement is nonexclusive, which means fans can also stream local games through the FanDuel Sports Network website.
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https://www.espn.com/mlb/story/_/id/42373474/diamond-sports-group-reaches-agreement-amazon
 
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