Setanta bites the dust

[ТИНТИН]

Despite days of renewed hopes and talks with an American investor, satellite TV channel Setanta has today succumbed to administration. The company was forced out of business due to lower than expected subscriber numbers, alleged outstanding tax payments in the tens of millions and the fact that the company missed stage payments to the Scottish Premier league and the English Premier league. After finally losing the rights to the English Premier league late last week this was, according to many, the final nail in the Coffin.

The English Football Association has put the old Setanta rights up for sale and the bidding is expected to close on Monday of next week. While there appears to be great confidence that the English Premier league, national team and England under 21 games will receive significant interest and high bids, the same cannot be said of the Scottish Premier league.

Many believe that Setanta paid over the odds for rights to Scottish football primarily because this was the best route into the main market for a then start-up company. However, there is a serious risk that some Scottish Premier league clubs will go out of business if a broadly comparable TV deal is not signed in the short to medium term.

[ТИНТИН]

Setanta off the air

Last night at 6pm the beleaguered satellite sports broadcaster went off the air in England and Scotland.
This follows a much publicised battle with sporting organisations and financiers.

This whole problem appeared to start when Sky Sports received half of Setanta’s Premier League football match rights from the FA, and from that point the satellite broadcaster appeared to struggle.

Currently the firm employs four hundred and twenty staff, but this turn of events will mean that two hundred jobs will be lost immediately.
Setanta will continue to survive, but outside of the UK.

This should give the company the chance to find a buyer, partner or investor, who can prop the firm up and help secure its future.
There are possible buyers waiting on the sidelines, but whether or not a deal can found now is another matter that only time will answer.

[Цец0]

Много жалко!

[Джак]

Сега шейховете трябва да намалят цените.

[ТИНТИН]

Жалко е да -само Setanta Ireland ще остане от каналите, а гледам че и tv канала на Liverpool си заминава. А към тях са още и каналите на Arsenal, Celtic и Rangers доколкото си спомням но предполагам че ще останат.

Остава само ирландския уеб портал за сетанта:
http://www.setanta.com/ie/