Diamond Sports has received court approval for its reorganization plan, allowing the company to exit bankruptcy and significantly reduce its debt load. The owner of regional sports networks restructured deals with professional sports teams and leagues and secured agreements with Amazon Prime Video and FanDuel.

Diamond Sports Group has won court approval of its bankruptcy plan,  a move that will end the regional sports network company’s ownership by Hunt Valley-based Sinclair Inc. and usher in an

When Diamond entered bankruptcy, it had the rights to 42 professional teams (14 baseball, 16 NBA, and 12 NHL). The reorganized company has 27 franchises (six baseball, 13 NBA, and eight NHL).