Gary Bettman and the NHL Find Themselves in Major Lawsuit
Bally Sports, a major NHL broadcaster, is in hot water. The parent company, Diamond Sports Group (DSG), declared bankruptcy in March after failing to pay a whopping $9 billion debt.
Now, the NHL want to get out of their contract.
NHL Wants to Break their Contract with DSG
Here's what's been making headlines:
"In an ongoing legal battle with Diamond Sports Group, the parent company of Bally Sports, the NHL is reportedly seeking emergency relief funds if negotiations are not settled quickly.
Currently, 12 organizations have their media rights held by Bally Sports. With a Texas judge extending DSG's reorganization deadline to September 30th, the NHL is seeking a contract termination well before that date. On March 14, 2023, DSG filed for Chapter 11 bankruptcy, taking responsibility for a reported $9B in debt, with the inability to pay."
Currently, 12 organizations have their media rights held by Bally Sports. With a Texas judge extending DSG's reorganization deadline to September 30th, the NHL is seeking a contract termination well before that date. On March 14, 2023, DSG filed for Chapter 11 bankruptcy, taking responsibility for a reported $9B in debt, with the inability to pay."
Bally Sports broadcasts the Arizona Coyotes, Detroit Red Wings, Florida Panthers, St. Louis Blues, Minnesota Wild, Columbus Blue Jackets, Anaheim Ducks, Carolina Hurricanes, Nashville Predators, Dallas Stars, Tampa Bay Lightning, and the Los Angeles Kings.
All these teams are on the hunt for a new broadcaster. The NHL needs to find a solution before the new season kicks off.
What Lies Ahead?
DSG has until September 30th to sort out their financial mess.
The NHL absolutely wants to get out of their contract with DSG before that deadline. They've asked for emergency relief funds in case negotiations don't go according to plan.
We should see an official statement by the NHL on this matter before the next season starts.
As seen on Markerzone - NHL Involved in Major Broadcasting Lawsuit
| POLL | ||
19 AOUT | 35 ANSWERS Gary Bettman and the NHL Find Themselves in Major Lawsuit Do you think the NHL fill find a new broadcaster before the season starts? | ||
| Yes | 19 | 54.3 % |
| No | 16 | 45.7 % |
| List of polls | ||
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