A phone with the Bally Sports logo sits on a basketball.
Diamond Sports Group, which operates the Bally Sports channels, filed for bankruptcy Tuesday.
  • Diamond Sports Group has filed for Chapter 11 bankruptcy protection and will restructure.
  • Diamond operates the largest group of regional sports networks in the country, covering dozens of NBA, MLB, and NHL teams.
  • The company said in a statement that it expects to broadcast games as planned during the restructuring.

Diamond Sports Group, the largest broadcaster of local sports in the US, has filed for Chapter 11 bankruptcy protection as it plans restructuring to eliminate about $8 billion in debt.