SETANTA down for the count?

san rafael · Jun 21, 2009

2tall2slow2 said: ↑

Little upstart of a UK tv station takes on the big boys at sport showing some top quality boxing at the same time promoting other networks fights for the benefit of boxing all round. They bid too much for the soccer contracts which are the main attraction in the UK and with the credit crunch have suffered with financing to keep going.
They had a deal with David Haye & were his only source of income for the Klitschko fight.
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Interesting. So is it over then? They're done?

2tall2slow2 · Jun 21, 2009

leighton said: ↑

Could Eurosport take over and show some boxing. I think Setanta will be still running until they find a buyer to take over. I cant see them just going so quickly no matter what has happened tonight or in the morning it wont happen as quick as some people expect.
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I hope not as well but there's also a black hole of £50m tax debt that has been discovered which doesn't make them a very attractive investment for anyone

2tall2slow2 · Jun 21, 2009

san rafael said: ↑

Interesting. So is it over then? They're done?
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I would say yes unfortunately. Too much debt and the contracts that they do have would be much cheaper for rivals to buy at tender

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