Bally Sports Owner Files for Chapter 11 Bankruptcy
I read that this morning. 3 days left. SMH
Just in time for baseball season. Wonder if they timed it that way. Lot of public pressure to get something done.
What I find odd is that they are over $8 million owed and only have $400 some million cash only. Won’t even cover the interest owed. Like I’ve said before, I believe Bally’s got in over their heads with both betting and RSN’s. They obviously need a better bean counter
That’s 8 BILLION owed. Who could have seen this coming lol. Disney being required to sell off these RSNs…you’d think Sinclair could have gotten a bargain. But man did they overpay. Too bad it didn’t take down Sinclair with it.
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