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Diamond Sports Group cleared the core exit milestone in its Chapter 11 case: at the November 14 confirmation hearing, the court approved the disclosure statement and confirmed the Chapter 11 plan, with the minutes recording that the confirmation order was signed Courtroom Minutes. The signed order confirms the Debtors' First Amended Joint Chapter 11 Plan of Reorganization and approves the disclosure statement supplement on a final basis Confirmation Order.
The order also approves the plan's settlement architecture, including the UCC settlement, plan releases, injunctions and exculpation, and preserves the control of related Sinclair, NBA, NHL and naming-rights orders in the event of conflict. For professionals tracking recoveries and post-emergence economics, the case has moved from negotiation and confirmation risk into implementation: distributions, releases, and restructuring transactions now turn on satisfaction or waiver of the plan's effective-date conditions rather than further confirmation litigation.
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