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Thread: "Setanta Sports hours away from coming off air"

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    "Setanta Sports hours away from coming off air"

    The Irish broadcaster's bosses are meeting in London this evening where it is expected that they will be told their company is in administration

    Setanta Sports bosses are meeting in London this evening where it is expected that they will be told their company is in administration.

    STV understands the Irish broadcaster's screens will go blank from midnight tonight while the company will officially be placed in administration by morning. It comes a week after the company failed to honour its £3 million SPL TV deal.

    Attempts to subscribe to the channels today, online or by phone, were unsuccessful with a message stating that the service is temporarily unavailable, ringing alarm bells for the companies’ future.

    _http://sport.stv.tv/football/101487-setanta-hours-away-from-coming-off-air-stv-understands/
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    Setanta says it has some 'live options' to prevent its colla

    SETANTA SPORTS chances of avoiding being placed into administration later this week appeared to improve last night.

    A meeting of the Irish broadcaster’s board of directors adjourned late last night in London with a spokesman for the company confirming that a “number of live options” to rescue the group were being considered.

    It is understood that Setanta’s founders, Irishmen Michael O’Rourke and Leonard Ryan, and a group of investors led by Goldman Sachs are seeking to put together a £40 million package to rescue the troubled broadcaster.

    _http://www.irishtimes.com/newspaper/finance/2009/0610/1224248534946.html
    The Sat and PC Guy
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