Diamond Sports refinancing approved, puts NHL, NBA plans at risk

(David Berding/Getty Images)
(David Berding/Getty Images)

A US bankruptcy court has approved Diamond Sports Group's $495m (€456m) settlement from Sinclair and $450m debtor-in-possession (DIP) financing package, but plans of the National Hockey League and National Basketball Association to retain their rights at the end of their current seasons may be in jeopardy.

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