Sport picks Regional television operator Diamond Sports Group will emerge from bankruptcy proceedings and continue cooperation with the NBA
Sport tips blog
The Diamond Sports Group arbitration is nearing completion. The owner of the regional television sports broadcasting network, which recently changed its name to FanDuel Sports Network as part of a partnership with a well-known bookmaker, has been granted the right to exit bankruptcy proceedings by the court. The network of regional channels collaborating with the NBA, NHL and MLB will continue to operate. The company got rid of almost 8 billion in debt and still owes 200 million.
The operator forecasts a negative financial result via volleyball tips of 74 million dollars in 2024 and plans to achieve a profit of 53 million next year, 137 in 2026 and 216 in 2027.
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