"They have recently missed payments to several teams, including the Cardinals and Marlins, but possibly others. The nine teams have cut ties with the company for now to keep them away from potential bankruptcy proceedings and explore other options, but it's possible some teams will eventually sign new pacts with the company. Main Street is trying to find a buyer, though the reporting indicates talks with DAZN have fizzled out."
"This is just the latest chapter in a saga that goes back quite a while, with cord cutting and streaming having chipped away the regional sports network (RSN) model. The company was previously known as Diamond Sports Group with channels marketed as Bally Sports. Going into 2023, 14 MLB clubs and many teams in other sports leagues had RSN deals with the company. But trouble emerged early that year when the company missed some payments. They filed for bankruptcy in March of 2023."
Nine MLB teams have terminated broadcasting contracts with Main Street Sports: the Braves, Reds, Tigers, Royals, Angels, Marlins, Brewers, Cardinals and Rays. The company recently missed payments to several teams, including the Cardinals and Marlins, prompting teams to cut ties to avoid exposure to potential bankruptcy proceedings while exploring alternatives. Main Street is seeking a buyer after earlier talks with DAZN fizzled and possible interest from Fubo TV produced conflicting reports. The company, formerly Diamond Sports Group and operator of Bally Sports channels, filed for bankruptcy in March 2023, emerged in November 2024, rebranded, and saw many RSN deals collapse or be taken over by leagues.
Read at MLB Trade Rumors
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