Main Street Sports Group is navigating complex negotiations as it explores options for potential buyers. With the current sale to DAZN in jeopardy, the company is reportedly engaging with a second bidder that may ensure continuity for its broadcasts on the FanDuel Sports Network. However, details about this second bidder remain unclear.
Main Street’s Challenges and Second Bidder Discussions
Sources suggest that Major League Baseball (MLB) teams, including the St. Louis Cardinals, are increasingly apprehensive about their relationship with Main Street. The Cardinals have already opted out of their agreement after missing a December payment. They, along with other teams, are anticipating a significant final offer from Main Street before finalizing their exit.
Teams Likely to Depart
- St. Louis Cardinals
- Milwaukee Brewers
- Cincinnati Reds
- Kansas City Royals
- Detroit Tigers
- Los Angeles Angels
- Florida Marlins
- Atlanta Braves (under consideration)
- Tampa Bay Rays (likely to stay)
The Tampa Bay Rays have reportedly received their rights fee payment for the 2026 season on time, making them the only MLB team willing to stay with Main Street amid rising concerns.
Negotiations with DAZN
Main Street’s discussions with DAZN appear to be nearly concluded. The key issues include conditions for NBA and NHL teams to extend their contracts through the 2028-29 season. Teams are hesitant to accept a proposed 20% reduction in rights fee payments for the current season, with deferred payments until the second or third quarter. Additionally, a profit-sharing model and further fee reductions for future seasons have also been presented, but teams remain reluctant.
Financial Concerns Among Teams
Teams from both the NBA and NHL are worried about Main Street’s financial stability. The 13 NBA teams and seven NHL teams are considering alternative broadcasting solutions, including over-the-air and direct-to-distributor models.
As they navigate these turbulent waters, any potential buyer will need to consider the long-term viability of Main Street. The impending launch of national streaming regional sports networks by 2028 for MLB and 2027 for the NBA adds pressure to the ongoing negotiations.
Conclusion
As Main Street engages with a second bidder, the uncertainty surrounding its future broadcasting commitments continues to grow. With multiple teams looking for alternative solutions and a potential sale to DAZN faltering, the coming weeks will be critical for Main Street’s operations and relationships within professional sports.
