FFC Mariner
Well-Known Member
Sports Broadcaster Setanta On The Ropes
12:15pm UK, Monday May 04, 2009
The future of the troubled sports broadcaster Setanta could be decided within weeks.
Setanta has struggled after losing some Premiership rights
The company needs to find 100m if it is to stay afloat.
Setanta has payments of tens of millions of pounds to make to various sports bodies over the next month, including the PremierLeague and FA.
However, it is seeking to delay or cut those payments as it struggles to survive.
Bosses will meet Scottish Premier League officials this week to continue negotiations over a reduction in its existing contract and a new 125m deal due to start in 2010.
The Ireland-based company is scheduled to hand over another 35m to the Premier League by the end of next week.
It was late with a 10m payment to the FA in March, a move that triggered concerns about its future.
A new management team, led by new chairman Sir Robin Miller, is helping the firm navigate the troubled waters.
Setanta, with 1.2 million subscribers, suffered a big blow in February when BSkyB snatched some of the rights to show Premier League matches.
More than 80% of live televised Premier games will now appear on BSkyB.
Setanta has the rights to English internationals and FA Cup matches, as well as Scottish football, golf, boxing and Indian Premier League cricket
12:15pm UK, Monday May 04, 2009
The future of the troubled sports broadcaster Setanta could be decided within weeks.
Setanta has struggled after losing some Premiership rights
The company needs to find 100m if it is to stay afloat.
Setanta has payments of tens of millions of pounds to make to various sports bodies over the next month, including the PremierLeague and FA.
However, it is seeking to delay or cut those payments as it struggles to survive.
Bosses will meet Scottish Premier League officials this week to continue negotiations over a reduction in its existing contract and a new 125m deal due to start in 2010.
The Ireland-based company is scheduled to hand over another 35m to the Premier League by the end of next week.
It was late with a 10m payment to the FA in March, a move that triggered concerns about its future.
A new management team, led by new chairman Sir Robin Miller, is helping the firm navigate the troubled waters.
Setanta, with 1.2 million subscribers, suffered a big blow in February when BSkyB snatched some of the rights to show Premier League matches.
More than 80% of live televised Premier games will now appear on BSkyB.
Setanta has the rights to English internationals and FA Cup matches, as well as Scottish football, golf, boxing and Indian Premier League cricket
