Author Topic: Sinclair/Diamond Sports bankruptcy watch  (Read 6079 times)

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Offline nfotiu

  • Posts: 5045
Re: Sinclair/Diamond Sports bankruptcy watch
« Reply #50: September 21, 2022, 11:36:25 AM »
What happens with teams who have deals with other networks? Are they supposed to subsidize the Sinclair teams?
It's going to be a mess to unpack, that's for sure.   

Take the Angels example, they currently get 150 million (probably more because these tend to escalate over the contract) for the next 9 or so years.    If the revenue they bring in is only 75 million (and falling) and production costs are 5 - 10 million, does the league say to them, they'll get 65 million and be happy they get that?   The alternative if the league buys them is they go bankrupt and maybe not pay the Angels at all.