DirecTV Has $40M Claim Against Diamond Sports: Chapter 11 Petition
DirecTV is third on the list of creditors with unsecured claims against regional sports network Diamond Sports Group, with a customer claim of $40.1 million, said Diamond's Chapter 11 petition Tuesday (docket 4:23-bk-90116) in U.S. Bankruptcy Court for Southern Texas…
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in Houston. The Sinclair subsidiary, which owns about 30 RSNs, owes $1.8 billion to U.S. Bank and $77.2 million to Dolan Broadcast Properties for a contract obligation, said the petition. Additional creditors include the Arizona Diamondbacks ($30.9 million owed), Intelsat ($15 million), Raycom Sports Network ($8.5 million), marketing firms Home Team Sports ($5.1 million) and Harte-Hanks Response Management ($247,904), digital payment platform Evergent ($170,000), Amazon Web Services ($24,000) and AT&T ($22,374), it said.