Major League Baseball and the Atlanta Braves have filed an objection to Diamond Sports Group\'s reorganization plan, citing, among other things, a lack of information to corroborate the viability of the company\'s projections.
In a motion filed in Houston bankruptcy court on Friday, MLB and the Braves wrote they possess \"grave concerns that, if the plan is confirmed, there is a substantial likelihood that the debtors will find themselves once again in financial distress and/or bankruptcy court in the near future.\"
Diamond, approaching 20 months in Chapter 11 bankruptcy, is scheduled to begin its confirmation hearing Thursday, during which a federal judge will determine whether to approve the operator\'s go-forward plan.
Diamond held regional-sports-network contracts with 12 MLB teams during the 2024 season but decided last month to keep only the Braves deal under its current iteration while hoping to negotiate new terms with some of the other clubs. Five teams have since departed.