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MATTER OF HOUSTON REGIONAL SPORTS NETWORK, L.P.

No. 15-20497.

886 F.3d 523 (2018)

In the MATTER OF: HOUSTON REGIONAL SPORTS NETWORK, L.P., Debtor. Houston SportsNet Finance, L.L.C.; Comcast Sports Management Services, L.L.C.; National Digital Television Center, L.L.C., doing business as Comcast Media Center; NBCUniversal Media, L.L.C.; SportsChannel New England, L.L.C.; SportsChannel Pacific Associates; Houston SportsNet Holdings, L.L.C., Appellants, v. Houston Astros, L.L.C.; Astros HRSN GP Holdings, L.L.C.; Astros HRSN LP Holdings, L.L.C.; Rocket Ball, Limited; Rockets Partner, L.P., Appellees.

United States Court of Appeals, Fifth Circuit.

Filed March 29, 2018.

Attorney(s) appearing for the Case

Howard Morris Shapiro , Arthur Joseph Burke , Danielle Mary Spinelli , Wilmer-Hale, L.L.P., Washington, DC, Arthur Joseph Burke , Timothy Graulich , Dana Seshens , Davis, Polk & Wardwell, L.L.P., New York, NY, Vincent P. Slusher , DLA Piper, L.L.P. (US), Dallas, TX, for Appellants.

John Caviness O'Quinn , Devin Anderson , Paul M. Basta , Judson S. Brown , Kirkland & Ellis, L.L.P., Washington, DC, for Appellees HOUSTON ASTROS, L.L.C., ASTROS HRSN GP HOLDINGS, L.L.C., ASTROS HRSN LP HOLDINGS, L.L.C.

Alan Shore Gover , White & Case, L.L.P., New York, NY, Roberto J. Kampfner , White & Case, L.L.P., Los Angeles, CA, for Appellees.

Before WIENER, PRADO, and OWEN, Circuit Judges.

Comcast1 loaned Houston Regional Sports Network, L.P. (the Network) $100 million, secured by a lien on substantially all of the Network's tangible and intangible assets. Included in the assets was an Affiliation Agreement (the Agreement) pursuant to which a Comcast subsidiary agreed...

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