Diamond Sports completed its financial restructuring and emerged from its Chapter 11 process as Main Street Sports Group.
- Exits court-supervised restructuring with strengthened balance sheet
- Reduced $9 billion of pre-petition debt to $200 million and has well-capitalized balance sheet
- Rebrands as Main Street Sports; will continue to serve fans under the FanDuel Sports Network name, through its naming rights agreement with FanDuel for its 16 regional sports networks
- NOTE:
Diamond Sports Wins Approval of Amazon-Aided Restructuring (1)
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