PDA

View Full Version : Setanta appears doomed as subscription services withdrawn


Wazo
06-09-2009, 02:14 PM
A spokesman for the company refused to comment on the development, but it is understood that the withdrawal of subscription services is not coincidental and could be a sign that administration is imminent.

Among the first moves an administrator would make is to effectively “close the shop”, preventing customers from paying for services they are unlikely to receive. The withdrawal of the subscription service is consistent with that approach.

http://www.telegraph.co.uk/sport/football/leagues/premierleague/5486210/Setanta-appears-doomed-as-subscription-services-withdrawn.html

Hmm if they do go into administration an close down wonder what will happen to all the rights they have for there sporting events. No doubt sky an ESPN will pick up the most popular rights dunno about the rest.Will ITV be forced to buy the rest of setanta's england games so many questions.

Wazo
06-19-2009, 09:25 PM
Setanta will lose its two packages of games for 2009/10 season

Troubled sports broadcaster Setanta has failed to pay the latest chunk of the £30m it owes the English Premier League, and will now lose the rights. The League has threatened to sell the rights to the 46 live matches Setanta has for the 2009/2010 season if the broadcaster failed to make the payment. It will now put the rights out to auction, with offers needed by Monday.

Setanta has recently struggled to make its payments to the sporting bodies from which it buys television rights. The Premier League said it had "been working with Setanta for some time to help them continue as the broadcaster of 46 UK live matches for the 2009/10 season".

The Premier League, in agreement with Setanta, stipulated that certain contractual requirements had to be met on or before Friday, 19 June, "to allow the preparations for the 2009/10 season to continue unaffected".

The league added: "It is with considerable regret that we announce that Setanta has been unable to meet their obligations. As such the existing licence agreement between us has been terminated with immediate effect."

The Premier League will now go ahead and auction the 46 UK live matches for the 2009/10 season.

http://news.bbc.co.uk/1/hi/business/8109954.stm

Also According to 5live Len Blavatnik has pulled out his bid to Setanta which may well be the end for them.