Bally Sports May Soon Have New Owners As Sinclair Reportedly Wants to Buy The RSNs Back





Back in 2022, Sinclair spun off the struggling Bally Sports regional sports networks (RSNs) into its own company. This new company, called Diamond Sports Group, filed for bankruptcy in early 2023 to help deal with the roughly $8 billion in debt the networks had.

Now, according to sources who talked with the New York Post, Sinclair wants to buy the network back but for pennies on the dollar. The deal is reportedly would see Sinclair pay just $850 million for Bally Sports, down from the $9.6 billion Sinclair paid Disney to get the networks back in 2019. Reportedly, part of the deal is for Diamond Sports Group to drop a $1.5 billion lawsuit against Sinclair.

The deal is said to be far enough along that it has been presented to creditors and is seen as the only possible offer for the networks.

Bally Sports is currently asking the bankruptcy Judge for more time to find a get-out debt plan. It is possible that they are waiting for this deal to go through in order to present it to the judge.

The question now will be, what will Sinclair do with the networks? Will they try to move some of the sports teams to its broadcast networks or try to save the struggling RSNs. Only time will tell, but if this deal fails the question has to be asked of what is next for Bally Sports.

Disclaimer: To address the growing use of ad blockers we now use affiliate links to sites like, streaming services, and others. Affiliate links help sites like Cord Cutters News, stay open. Affiliate links cost you nothing but help me support my family. We do not allow paid reviews on this site. As an Amazon Associate I earn from qualifying purchases.

Subscribe to Our Newsletter

* indicates required

Please select all the ways you would like to hear from :

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp’s privacy practices here.