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FanDuel Sports Network
FanDuel Sports Network (formerly Bally Sports) is a group of regional sports networks in the United States owned by Main Street Sports Group (formerly Diamond Sports Group). The networks carry regional broadcasts of sporting events from various professional, collegiate, and high school sports teams. Through its owned-and-operated networks and several other affiliates, its programming is available to all or part of at least 33 states.
The networks were formerly known as Fox Sports Networks and operated by News Corporation for most of their existence. They were acquired by Diamond Sports from the Walt Disney Company in 2019, as Disney was required to divest them by the U.S. Department of Justice as a condition of their own acquisition of 21st Century Fox. Diamond Sports was initially established by Sinclair Broadcast Group, with additional equity funding from Allen Media Group. After the takeover, Diamond sold naming rights to the channels to casino operator Bally's Corporation, resulting in their relaunch as Bally Sports on March 31, 2021.
In 2023, amid the impact of cord-cutting and other upheavals in the market, Diamond Sports Group filed for Chapter 11 bankruptcy protection. As part of the associated reorganization process, Diamond planned to be separated from Sinclair into a standalone company. It renegotiated contracts with a number of the teams that it broadcast, and also ended its contracts with several others (either via missed rights payments, the natural end of a contract, or a formal opt-out). In October 2024, it was announced that Diamond would end its agreement with Bally's and enter into a new agreement with online gambling company FanDuel—under which Bally Sports rebranded as FanDuel Sports Network on October 21, 2024. The bankruptcy ended on January 2, 2025, with Diamond Sports Group rebranding as Main Street Sports Group.
The networks of FanDuel Sports Network have a long history, with the origins of several of the networks dating to the 1980s and 1990s, as affiliates of the Prime Network (and to a lesser degree SportsChannel). In 1996, News Corporation and Liberty Media (the owner of Prime Network) announced that the Prime Sports networks would be rebranded under the new "Fox Sports Net" brand; the Prime Sports-branded affiliates were officially relaunched as Fox Sports Net on November 1 of that year. In 1997, News Corp and Liberty Media also purchased a 40% stake in Cablevision/NBC's SportsChannel networks which led those networks being rebranded as part of Fox Sports Net in early 1998 and bringing the total number of owned or affiliate networks to 18. In the years that followed, a series of other acquisitions and launches of new networks (along with a few closures) resulted in 22 owned and operated networks.
On December 14, 2017, the Walt Disney Company announced their intent to acquire 21st Century Fox for $52.4 billion after the spin-off of certain businesses into a new entity (initially dubbed "new Fox", but ultimately named Fox Corporation). While the acquisition was originally slated to include Fox Sports' regional operations (which, presumably, would have been re-aligned with Disney's ESPN division), the Justice Department ordered that they be divested within 90 days of the completion of the acquisition due to the concentration of the market that ESPN would hold.
Sinclair Broadcast Group was mentioned as the most likely buyer for the other FSN networks, but would need the assistance of a private equity firm to help raise the cash needed for the purchase. The group's other sports properties included Stadium—a national sports network distributed via over-the-air digital television and internet streaming (in partnership with the Chicago White Sox's investment arm Silver Chalice), Tennis Channel, as well as Marquee—a then-upcoming RSN devoted to the Chicago Cubs.
On May 3, Sinclair officially announced that via its subsidiary Diamond Sports Group, it had agreed to purchase the networks for $10.6 billion, pending regulatory approval. At the same time, it was also revealed that Allen Media Group would hold an equity stake in the company and serve as a "content partner".
The sale was completed on August 22, 2019 and included 21 of the 22 networks. The networks continued to temporarily use the Fox Sports branding under a transitional license agreement with Fox Corporation; Sinclair CEO Chris Ripley stated that there were plans to eventually rebrand them under either a new name, or to "partner with a brand who wants more exposure". There were also plans to increase non-event programming, and emphasis on sports betting in its programming.
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FanDuel Sports Network
FanDuel Sports Network (formerly Bally Sports) is a group of regional sports networks in the United States owned by Main Street Sports Group (formerly Diamond Sports Group). The networks carry regional broadcasts of sporting events from various professional, collegiate, and high school sports teams. Through its owned-and-operated networks and several other affiliates, its programming is available to all or part of at least 33 states.
The networks were formerly known as Fox Sports Networks and operated by News Corporation for most of their existence. They were acquired by Diamond Sports from the Walt Disney Company in 2019, as Disney was required to divest them by the U.S. Department of Justice as a condition of their own acquisition of 21st Century Fox. Diamond Sports was initially established by Sinclair Broadcast Group, with additional equity funding from Allen Media Group. After the takeover, Diamond sold naming rights to the channels to casino operator Bally's Corporation, resulting in their relaunch as Bally Sports on March 31, 2021.
In 2023, amid the impact of cord-cutting and other upheavals in the market, Diamond Sports Group filed for Chapter 11 bankruptcy protection. As part of the associated reorganization process, Diamond planned to be separated from Sinclair into a standalone company. It renegotiated contracts with a number of the teams that it broadcast, and also ended its contracts with several others (either via missed rights payments, the natural end of a contract, or a formal opt-out). In October 2024, it was announced that Diamond would end its agreement with Bally's and enter into a new agreement with online gambling company FanDuel—under which Bally Sports rebranded as FanDuel Sports Network on October 21, 2024. The bankruptcy ended on January 2, 2025, with Diamond Sports Group rebranding as Main Street Sports Group.
The networks of FanDuel Sports Network have a long history, with the origins of several of the networks dating to the 1980s and 1990s, as affiliates of the Prime Network (and to a lesser degree SportsChannel). In 1996, News Corporation and Liberty Media (the owner of Prime Network) announced that the Prime Sports networks would be rebranded under the new "Fox Sports Net" brand; the Prime Sports-branded affiliates were officially relaunched as Fox Sports Net on November 1 of that year. In 1997, News Corp and Liberty Media also purchased a 40% stake in Cablevision/NBC's SportsChannel networks which led those networks being rebranded as part of Fox Sports Net in early 1998 and bringing the total number of owned or affiliate networks to 18. In the years that followed, a series of other acquisitions and launches of new networks (along with a few closures) resulted in 22 owned and operated networks.
On December 14, 2017, the Walt Disney Company announced their intent to acquire 21st Century Fox for $52.4 billion after the spin-off of certain businesses into a new entity (initially dubbed "new Fox", but ultimately named Fox Corporation). While the acquisition was originally slated to include Fox Sports' regional operations (which, presumably, would have been re-aligned with Disney's ESPN division), the Justice Department ordered that they be divested within 90 days of the completion of the acquisition due to the concentration of the market that ESPN would hold.
Sinclair Broadcast Group was mentioned as the most likely buyer for the other FSN networks, but would need the assistance of a private equity firm to help raise the cash needed for the purchase. The group's other sports properties included Stadium—a national sports network distributed via over-the-air digital television and internet streaming (in partnership with the Chicago White Sox's investment arm Silver Chalice), Tennis Channel, as well as Marquee—a then-upcoming RSN devoted to the Chicago Cubs.
On May 3, Sinclair officially announced that via its subsidiary Diamond Sports Group, it had agreed to purchase the networks for $10.6 billion, pending regulatory approval. At the same time, it was also revealed that Allen Media Group would hold an equity stake in the company and serve as a "content partner".
The sale was completed on August 22, 2019 and included 21 of the 22 networks. The networks continued to temporarily use the Fox Sports branding under a transitional license agreement with Fox Corporation; Sinclair CEO Chris Ripley stated that there were plans to eventually rebrand them under either a new name, or to "partner with a brand who wants more exposure". There were also plans to increase non-event programming, and emphasis on sports betting in its programming.