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Latest Satellite News Discussion, New Setanta administration looms at General Satellite News forum; Setanta administration looms By Julian Clover | June 7, 2009 The Setanta Sports channels could have just days left on ...

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New Setanta administration looms - 07-June-2009, 13:10

Setanta administration looms

By Julian Clover | June 7, 2009



The Setanta Sports channels could have just days left on the air. The troubled broadcaster has appointed accountancy firm Deloitte that could place it into administration if agreement cannot be reached with rights holders and investors.

Setanta has until tomorrow to pay the latest 3 million instalment on its 31m agreement with the Scottish Premier League. A 35 million instalment is due to be paid to the English Premier League on June 15.

There are also satellite distribution contracts with Arqiva and Globecast together with the Virgin Media JV Setanta Sports News, produced by ITN.
Setanta is believed to have 1.2 million premium customers, some 500,000 shy of the total needed for breakeven. In excess of two million subscribers are also able to access the channel under feels like free agreements with Virgin, BT Vision and Top Up TV.

The problems facing the Dublin-based broadcaster echo the situation that surrounded ITV Digital, the terrestrial pay-TV platform that collapsed in 2002, owing 178.5m to the Football League.


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07-June-2009, 22:52

looks like they could well close tomorrow


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07-June-2009, 23:14

according to the papers here in ireland they are looking to do a deal that will keep setanta ireland and american/canadian setanta afloat..interesting week ahead .


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07-June-2009, 23:36

that will be right....UK suffers again


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08-June-2009, 00:03

according to press, setanta ireland would stay the exact same broadcasting what they have but at a fraction of the price if they drop the setanta uk side ..who knows all press talk we wait and see..handy package my setanta ireland sub would be bad news for me if they fold so wait and see..


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