Habs Unfiltered

Bally Goes Bankrupt and the NHL should Panic

Blain Potvin Feb 15, 2023

Maybe those balloons getting shot down were balloon payments owed to banks for Diamond Sports Group


Diamond Sports Group, who own Bally Sports, is likely to file for Chapter 11 bankruptcy sometime in the next month as Diamond and its creditors will race against the clock to come up with a debt solution that minimizes the risk of disruption to live broadcasts and financial pain for NHL clubs, but also for many NBA and MLB teams too. 

The bankruptcy could have a dramatic impact on 12 US Based NHL teams where local TV rights have been an important and reliable revenue stream. For those affected teams, the bankruptcy will trigger a number of questions such as what about payments owed? Will it affect regional broadcast rights? and for the NHL, seeing nearly 1/3 of its franchises take a major financial hit, what will this do to the Salary Cap?


It may be time to panic if you’re a low-revenue NHL team or worse, one that is banking on the cap going up.



Check out Habs Unfiltered episodes for NHL Entry Draft and Montreal Canadiens News

Brought to you by @manscaped (promocode Unfiltered20 @seatgiant (promocode Unfiltered20) @nonamehockey  (promocode Habs10)


Download and sub today, Habs fans. If you’re talking about it, so are we.

Blain Potvin

Subscribe Now!

Which newsletters would you like to receive?

Yes! By providing my email address, I agree to receive communications from Crier Media (this can be changed at any time). Please take a look at the Privacy Policy and Terms of Use for more details.

This field is for validation purposes and should be left unchanged.

Trending Now

Related stories