colinthfc
05-04-2009, 02:51 PM
The future of the troubled sports broadcaster Setanta could be decided within weeks.
[Only registered and activated users can see links]
Setanta has struggled after losing some Premiership rights
The company needs to find £100m if it is to stay afloat.
Setanta ([Only registered and activated users can see links]) has payments of tens of millions of pounds to make to various sports bodies over the next month, including the PremierLeague ([Only registered and activated users can see links]) and FA ([Only registered and activated users can see links]).
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.
[Only registered and activated users can see links] ([Only registered and activated users can see links])Jeff Randall [Only registered and activated users can see links] ([Only registered and activated users can see links])
See interviews with key business and political figures by Sky’s Jeff Randall
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 ([Only registered and activated users can see links]) 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.
[Only registered and activated users can see links]
Setanta has struggled after losing some Premiership rights
The company needs to find £100m if it is to stay afloat.
Setanta ([Only registered and activated users can see links]) has payments of tens of millions of pounds to make to various sports bodies over the next month, including the PremierLeague ([Only registered and activated users can see links]) and FA ([Only registered and activated users can see links]).
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.
[Only registered and activated users can see links] ([Only registered and activated users can see links])Jeff Randall [Only registered and activated users can see links] ([Only registered and activated users can see links])
See interviews with key business and political figures by Sky’s Jeff Randall
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 ([Only registered and activated users can see links]) 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.