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Main Street Sports RSN Group Is Looking Like a Dead End
Just 13 months after its precursor officially emerged from bankruptcy, time is running out for Main Street Sports. A cash crunch and the flight of nine MLB partners has put the owner/operator of the FanDuel-branded RSNs on a collision course with insolvency.
Unless 11th-hour financing can coerce its nine MLB teams to stay put, Main Street Sports Group could have little choice but to file for Chapter 7 and immediately liquidate its business next week
The Royals have a backup plan ready should the parent company of FanDuel Sports Kansas City go out of business in a few weeks.
The Atlanta Braves are aware of the reports regarding Main Street Sports Group. While disappointed with this development, we have been actively preparing for this outcome and are well on our way towards launching a new era in Braves broadcasting.
The multi-year saga surrounding the future of St. Louis Cardinals broadcasts on FanDuel Sports Network was resolved Monday, as the team announced it would leave the beleaguered Main Street Sports group and transfer control of its broadcasts to Major League Baseball’s production studio.
Cincinnati and five other teams are leaving FanDuel Sports Network because of the financial insecurity of its parent, Main Street Sports.
With Main Street Sports Group likely selling or beginning its wind down in a matter of days, multiple franchises from the NBA, NHL and MLB are in emergency talks with the streaming platform Victory+
According to sports business reporter John Ourand, the St. Louis Cardinals have informed Major League Baseball that they plan on utilizing MLB as their broadcast partner moving forward. He put the news out on social media as the Cardinals have officially ended their relationship with Main Street Sports.