Diamond Sports gets fourth extension of exclusive plan periods

By Sarah Lizee

Olympia, Wash., April 17 – Diamond Sports Group, LLC secured a fourth extension of its exclusive periods to file and solicit votes on a Chapter 11 plan, according to an order filed Tuesday with the U.S. Bankruptcy Court for the Southern District of Texas.

The court extended the exclusive plan filing period through Sept. 16 and the exclusive solicitation period through Nov. 14.

The debtor has already filed a plan and disclosure statement, as previously reported.

Diamond Sports said it should be allowed to continue to prosecute the plan over the next several months without the need to address competing plans.

The parties to the company’s restructuring support agreement support the proposed extension, the company said.

Diamond Sports Group is an independently managed and unconsolidated subsidiary of Sinclair Broadcast Group. Diamond owns the Bally Sports Regional Sports networks, a provider of local sports. The Baltimore-based company filed Chapter 11 bankruptcy on March 14, 2023 under case number 23-90116.

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