Diamond Sports Group has officially emerged from Ch. 11 bankruptcy, the conclusion of litigation to position itself for bolstered operational and financial performance. The company, which has been renamed as Main Street Sports Group, has a “significantly deleveraged balance sheet” under the restructuring support agreement that was approved by the U.S. Bankruptcy Court for the Southern District of Texas in November. Main Street Sports, which is doing business as FanDuel Sports Network under a naming rights agreement with FanDuel Corporation, currently has 13 NBA teams, eight NHL teams and eight MLB teams within its broadcast portfolio of 16 regional sports networks.
Under its reorganization plan, Main Street Sports Group has diminished approximately $9 billion of pre-petition debt to $200 million. Last week, the company agreed to a deal to retain the Milwaukee Brewers among its group of MLB teams, producing and disseminating games for the 2025 season. The company also has a minority interest in the YES Network, the local broadcast home of New York Yankees baseball and Brooklyn Nets basketball. Main Street Sports Group, formerly known as Diamond, also agreed to a multi-year deal with Amazon’s Prime Video that allows users to access the RSNs as an add-on subscription for consumers living in designated geographic areas.
“Emerging from this process is the culmination of over 20 months of incredibly hard work to transform our business and position us to better serve passionate local fans across our markets,” David Preschlack, chief executive officer of Main Street Sports Group, said in a statement. “I am deeply grateful to everyone who made this restructuring possible – our new owners, partners, advisors, and especially our dedicated employees. With a stronger balance sheet, key partnerships, supportive new owners, we are modernizing our business to thrive in a changing media landscape.”
Before the restructuring support agreement was approved in November, MLB and the Atlanta Braves had filed an objection to the plan. The entities withdrew this objection ahead of the confirmation hearing upon reaching an agreement with the Braves on revised deal terms, including granting then-Diamond Sports Group streaming rights. The Detroit Tigers, Los Angeles Angels, Miami Marlins, St. Louis Cardinals and Tampa Bay Rays also renegotiated their contracts with the company prior to receiving approval to emerge from bankruptcy.
A full list of MLB, NBA and NHL teams that air games on FanDuel Sports Network RSNs around the country can be found below:
| Major League Baseball | National Basketball Association | National Hockey League |
| Atlanta Braves | Atlanta Hawks | Carolina Hurricanes |
| Detroit Tigers | Charlotte Hornets | Columbus Blue Jackets |
| Kansas City Royals | Cleveland Cavaliers | Detroit Red Wings |
| Los Angeles Angels | Detroit Pistons | Los Angeles Kings |
| Miami Marlins | Indiana Pacers | Minnesota Wild |
| Milwaukee Brewers | LA Clippers | Nashville Predators |
| St. Louis Cardinals | Memphis Grizzlies | St. Louis Blues |
| Tampa Bay Rays | Miami Heat | Tampa Bay Lightning |
| Milwaukee Bucks | ||
| Minnesota Timberwolves | ||
| Oklahoma City Thunder | ||
| Orlando Magic | ||
| San Antonio Spurs |
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