Fri 02/03/2023 16:19 PM
In this analysis, Reorg examines the various stakeholders and dynamics of a hypothetical Diamond Sports chapter 11 in light of reports that the company and “many of its creditors” favor an equitization via a “pre-arranged Chapter 11 process.” In addition to the company, these stakeholders include sponsor Sinclair Broadcast Group, various creditors, professional sports leagues and Bally’s Corp., among others.
According to a Jan. 25 Bloomberg
report, Diamond’s restructuring plan may include...
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