Diamond Sports Group, which owns FanDuel Sports Network (previously Bally Sports Network), had its restructuring plan approved by United States Bankruptcy Court for the Southern District of Texas. The plan, which will see Diamond Sports Group reduce its ...

Diamond Sports Group, the largest owner of regional sports networks, can emerge out of bankruptcy after having its reorganization plan approved

Diamond Sports Group will emerge out of bankruptcy with significantly less debt, but also fewer teams and networks.

A judge approved the company’s plan, which includes a streaming deal that will allow fans in certain markets to circumvent a cable package.

A federal judge in Houston on Thursday gave broadcaster Diamond Sports Group the green light to emerge from bankruptcy, wrapping a 20-month saga that roiled the world of sports television. Diamond, which operates 16 regional sports stations that were recently rebranded with the FanDuel name,

When Diamond entered bankruptcy, it had the rights to 42 professional teams (14 baseball, 16 NBA, and 12 NHL). The reorganized company has 27 franchises (six baseball, 13 NBA, and eight NHL).

Below is a look at what Diamond's emergence from bankruptcy could mean for sports fans and their favorite teams. Which MLB teams will remain with Diamond for the 2025 season? What