All nine MLB teams cancel their contracts with FanDuel Sports Network
All of the MLB teams broadcast by the embattled FanDuel Sports Network have canceled their contracts with the company.
The nine Major League Baseball teams televised by FanDuel Sports Network have terminated their contracts with FanDuel SN and its struggling parent company, Main Street Sports Group, two people briefed on the contracts told The Athletic.
Termination of the deals does not preclude those teams — the Atlanta Braves, Cincinnati Reds, Detroit Tigers, Kansas City Royals, Los Angeles Angels, Miami Marlins, Milwaukee Brewers, St. Louis Cardinals and Tampa Bay Rays — from returning on renegotiated agreements. When Main Street was in bankruptcy from 2023-25 (and known at the time as Diamond Sports Group), deals were terminated but ultimately reworked.
“We remain in active dialogue with all of our team partners regarding potential revised terms for agreements going forward,” Main Street said in a statement Thursday.
By exiting their existing contracts, the MLB teams are attempting to safeguard themselves from the possibility Main Street files for bankruptcy, which would limit how clubs that hold contracts with Main Street could maneuver.
Major League Baseball commissioner Rob Manfred told reporters Thursday in New York that the league is in position to take over the broadcasts of any teams if needed, and that the goal is to maximize revenue.
“Our focus, particularly given the point in the calendar, is to maximize the revenue that’s available to the clubs, whether that’s MLB Media or third party,” Manfred said, per the Associated Press. “The clubs have control over the timing. They can make a decision to move to MLB Media because of the contractual status now. I think that what’s happening right now clubs are evaluating their alternatives. Obviously, they’ve made significant payroll commitments already and they’re evaluating the alternatives to find the best revenue source for the year and the best outlet in terms of providing quality broadcasts to their fans.”
MLB declined additional comment.
Barry Jackson reported in the Miami Herald on Thursday that Main Street missed a payment to the Marlins. Main Street was known to have missed a payment to the Cardinals last month. A person briefed on FanDuel SN’s contracts confirmed that multiple MLB teams have not received scheduled payments.
Sports Business Journal reported that Fubo has emerged as a contender to buy Main Street. Main Street has been in talks with DAZN, but that deal seems a long shot, SBJ reported.