The sports gambling giant is reportedly nearing a deal to replace Bally as Diamond Sports' naming brand for its regional sports networks. Diamond declared bankruptcy last year with its parent, Sinclair, losing money since its $9.6 billion purchase from Disney in 2019. CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COMAccording to Sportico, Diamond reportedly said in Tuesday's Chapter 11 hearing it had found a new partner. Bloomberg says FanDuel would sell Diamond's streaming service to fans and take an equity stake in the company. The current deal between Diamond and Bally ends at the end of this MLB season.

Source: Fox News June 05, 2024 00:43 UTC