Reports today suggest that Setanta is on the brink of collapse and looking at the current operating losses it seems like it will be only a matter of days until they go into administration. Interestingly, Setanta are not processing new subscriptions either by phone or online... http://news.bbc.co.uk/1/hi/business/8090633.stm If Setanta go into administration in the next few days, there is a strong possibility that the administrators will continue to run it as a going concern, this was the case with ITVdigital when it went into administration, and lasted for 6 months before BSKYB, so if this is anything to go by, hopefully we will get another 6 months of boxing on Setanta.... http://news.bbc.co.uk/1/hi/business/8091195.stm
ITV digitals platform continued broadcasting. The actual ITV satellite channels shut down immediately or soon after (including the sports channel). How would Setanta keep running as a 'going concern' - what would they show?
This is from the second link in my opening post: "One prospect is that the administrator continues to run the company as a going concern - broadcasting as normal - in case an investor can be found. When ITV Digital collapsed in 2001, administrators took six months to see if they could work out a deal with rights' holders, during which time the broadcaster continued to operate as normal. The broadcaster's rights were eventually bought by BSkyB."
They have defaulted on football payments, not boxing payments. Also, it says in the report that the economic value of the sports contracts will be halved if they go back on the market to other investors.....
Its over this afternoon... http://www.telegraph.co.uk/sport/fo...oomed-as-subscription-services-withdrawn.html They won't be showing ANYTHING if they go under as the compnay will have to avoid any legal problems.
I don't think that is correct. ITV Digital went into administration in March 2002. The ITV Sports channel shut down in the first week of May (ie when they ran out of stuff to show that they'd already paid for). I'm pretty sure they only got that far because Carlton and Granada put extra money in. The question with Setanta would be (a) who is going to stump up the cash to keep it running and why? and (b) what content do they have the rights to that they've already paid for?
I dont know, I am hoping we get a statement from Setanta soon, I am trying to cling onto some hope...
Yes I agree, it would be great to get more big US fights. I wonder if James from Setanta could come on and give us some of his wisdom? Or Bunce?
In fainess to Bunce and company talking heads,I am certain there is an executive order to say nothing on this subject at this time.Loose lips sinks ships.:deal
I don't think ESPN would be able to broadcast many big fights because they are a competitor of HBO and Showtime. However they do bring ESPN classics with them...