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Financial distress of Bally's parent company could impact Cardinals, Blues TV deals for fans, clubs

The way fans watch Cardinals and Blues games could soon see significant change, as a recent report by Bloomberg says that the company that owns their regional television rights is heading toward bankruptcy court for restructuring of its debt. It also could significantly impact the rights fees teams receive.

The Cards’ and Blues’ local game telecasts are on Bally Sports Midwest, one of 19 Bally regional sports networks nationwide. They are under the umbrella of Diamond Sports Group, which is part of the Sinclair Broadcasting conglomerate that has deals with MLB, NHL and NBA teams to televise games.