NHL Comes To A Massive Agreement With Bankrupt Sponsor
Earlier today the NHL announced a massive agreement that has laid out the future for the NHL and a bankrupt sponsor.
NHL Sponsor Files For Bankruptcy After Major Financial Problems
This summer the NHL was shocked when NHL broadcast partner Bally Sports announced they were filing for bankruptcy. They filed for chapter 11 bankruptcy after their owner revealed they are over $8 billion in debt.
This announcement left the NHL in a difficult position because they needed Bally to broadcast games they were under contract to do so. This led the NHL to need to find a way to hold Bally to their agreement until they can make other arrangements.
Today the NHL announced they had agreed with Bally to keep games broadcast until the NHL can find a new home for the teams under Bally's umbrella.
NHL Reaches Agreement With Bankrupt Sponsor
The NHL today announced they have reached an agreement with Bally to transition easily from their coverage to the NHL's next option.
The NHL announced that Bally will continue through the end of the season at which point the NHL will take over broadcast rights for those teams.
Bally Sports Regional Networks has reached a deal with the 11 NHL clubs it has media rights for to televise their games through the end of this season, a new bankruptcy court filing discloses. The rights at the end of the season would then transfer to the league
As of now, the NHL has not announced who is expected to take over after Bally is done with their requirement. Regardless the NHL has made sure that these teams will not be without a local broadcast option going forward.
As Read On - Blade Of Steel - NHL reaches agreement with partner after bankruptcy declaration
| POLL | ||
Will the NHL broadcast Bally sports team's games going forward or will they find a local broadcaster? | ||
| NHL will broadcast | 22 | 41.5 % |
| Local broadcaster | 31 | 58.5 % |
| List of polls | ||
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