Latest On Padres, Diamond Sports Group ...Middle East

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Latest On Padres, Diamond Sports Group
There were minor developments in the long-running Diamond Sports Group bankruptcy proceedings this week. Most notable is the revelation of a deal that the broadcasting conglomerate struck with the Padres last summer. As Daniel Kaplan of Awful Announcing first reported, Diamond agreed in July to a deal that could pay the San Diego organization as much as $78.9MM to resolve breach of contract claims which the Padres made after Diamond dropped the team’s TV deal last spring. The Padres initially sought a $162MM award as compensation for the lapsed television contract before agreeing to the lesser sum in mediation. That money has not yet been paid. The settlement calls for an initial payment of

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