Setanta bust in weeks

Discussion in 'British Boxing Forum' started by colinthfc, May 4, 2009.


  1. colinthfc

    colinthfc Guest

    The future of the troubled sports broadcaster Setanta could be decided within weeks.



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    Setanta has struggled after losing some Premiership rights


    The company needs to find £100m if it is to stay afloat.
    Setanta has payments of tens of millions of pounds to make to various sports bodies over the next month, including the PremierLeague and FA.
    However, it is seeking to delay or cut those payments as it struggles to survive.
    Bosses will meet Scottish Premier League officials this week to continue negotiations over a reduction in its existing contract and a new £125m deal due to start in 2010.
    The Ireland-based company is scheduled to hand over another £35m to the Premier League by the end of next week.


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    Jeff Randall
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    See interviews with key business and political figures by Sky’s Jeff Randall







    It was late with a £10m payment to the FA in March, a move that triggered concerns about its future.
    A new management team, led by new chairman Sir Robin Miller, is helping the firm navigate the troubled waters.
    Setanta, with 1.2 million subscribers, suffered a big blow in February when BSkyB snatched some of the rights to show Premier League matches.
    More than 80% of live televised Premier games will now appear on BSkyB.
    Setanta has the rights to English internationals and FA Cup matches, as well as Scottish football, golf, boxing and Indian Premier League cricket.
     
  2. itrymariti

    itrymariti Cañas! Full Member

    13,728
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    Sep 6, 2008
    Great, now we get to see no boxing!
     
  3. Davro

    Davro u wnt sum i`ll give it ya Full Member

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    Apr 20, 2009
    buncey needs a new home
     
  4. nulty

    nulty Guest

    Jeff Randall of sky, he doesn't have any bias does he?

    Come on the setanta/epsn merger. Get it up the robbing *******s at sky.
     
  5. nulty

    nulty Guest

    Why? I heard he has a very nice place and her in doors keeps it nice and clean