The Braves challenge Diamond Sports' restructuring plan and raise doubts about the company's future.

• According to a Friday bankruptcy court filing, Major League Baseball and the Atlanta Braves have opposed Diamond Sports Group's current restructuring plan.
• The Braves and MLB expressed "grave concerns" about the future viability of Diamond as the current plan stands.
• The concern of those who spoke out is due to insufficient information regarding the restructuring plan for the largest regional sports network owner in the country.

The Atlanta Braves and Major League Baseball have raised concerns about the restructuring plan and the future of Diamond Sports Group, the largest owner of regional sports networks in the US, as stated in a bankruptcy court filing on Friday.

The Braves and MLB expressed "grave concerns" with the current plan, stating that there is a "substantial likelihood" that Diamond Sports will face financial distress and/or bankruptcy court in the near future.

The reorganization plan proposed by Diamond Sports is not deemed viable by both MLB and the Braves, despite their vested interest in its success.

Diamond's reorganization plan will be heard by a U.S. bankruptcy judge on Thursday, while the company has until Wednesday to respond to the objection. No immediate comment was made by a representative for Diamond regarding the filing.

The Braves and MLB are concerned about a lack of information regarding a restructuring proposal, which contains 20 documents and 181 pages, as stated in a filing. Diamond attorneys have stated in court that they are limited in what they can provide due to confidentiality agreements with the company's distribution partners, such as pay TV operators.

The Braves and the league have also requested more information about Diamond's proposed commercial partnership with Amazon. Diamond's attorneys have previously stated in court that negotiations with Amazon are still ongoing.

The Braves and MLB are worried about confusion over Diamond Sports' direct-to-consumer plan, which has become increasingly significant as more customers leave traditional cable packages.

The MLB has previously requested more information on Diamond's financial plans, specifically regarding the language used in a recent naming rights agreement deal with FanDuel for the regional sports networks that Diamond owns.

The Braves were spun off from John Malone's Liberty Media in 2023 and are now part of a publicly traded company. Malone remains a shareholder and chairman of Liberty Media.

Diamond Sports had previously stated that it would maintain its agreement with the Braves as part of its bankruptcy plan while simultaneously attempting to renegotiate its contracts with 11 other MLB teams it has agreements with or terminate them.

The Braves have not abandoned Diamond for their regional media rights despite the Friday objection.

The St. Louis Cardinals and Diamond have agreed on their local rights, while attorneys in an October court hearing stated that Diamond is close to reaching an agreement with the Miami Marlins.

According to a court filing, the Cincinnati Reds announced on Friday that they would leave their regional sport network, which is owned by Diamond.

Since three of the 11 teams that Diamond was trying to renegotiate contracts with have now turned to MLB to broadcast their local games.