MAJOR | The NHL has filed a lawsuit: Trying to get out of a binding contract
The National Hockey League's 2023-24 season is less than two months away and they're in a bit of an issue when it comes to one of their broadcasting partners.
Earlier this year, Diamond Sports Group, who is the parent company to Bally Sports, filed for Chapter 11 bankruptcy and this move could cost many NHL teams millions of dollars.
With their legal battle ongoing, the National Hockey League is seeking emergency relief funds and want to get out of their contract with Diamond Sports Group prior to September 30th, which is the date a Texas judge has given DSG to reorganize.
"In an ongoing legal battle with Diamond Sports Group, the parent company to 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, and with a Texas judge extending DSG's reorganization deadline to September 30th, the NHL is seeking a contract break well before that date. On March 14, 2023, DSG filed for Chapter 11 bankruptcy, holding responsibility for a reported $9B in debt, with the inability to pay."
As is mentioned, 12 franchises have their media rights with Bally Sports and with the season right around the corner, it's possible that the NHL and these teams will need to look for a new broadcasting partner for regional telecasts.
The 12 franchises involved are - Anaheim, Arizona, Carolina, Columbus, Dallas, Detroit, Florida, Los Angeles, Minnesota, Nashville, St. Louis and Tampa Bay.
The immediate broadcasting future for a handful of NHL teams still remains in doubt: https://t.co/kuKwPOVyUZ� Pro Hockey Rumors (@prohockeyrumors) August 18, 2023
Previously on CanucksDaily
| POLL | ||
AOUT 19 | 770 ANSWERS MAJOR | The NHL has filed a lawsuit: Trying to get out of a binding contract Do you think the NHL should be allowed to get out of their contract with Diamond Sports Group? | ||
| Yes | 356 | 46.2 % |
| No | 162 | 21 % |
| Unsure | 164 | 21.3 % |
| See Results | 88 | 11.4 % |
| List of polls | ||
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