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Setanta goes into administration
6 months ago  ::  Jun 23, 2009 - 3:09PM #1
Vívą da Sílva
Posts: 5706

The Irish broadcaster Setanta Sports has gone into administration after failing to make a number of payments to sporting organisations.

The administrator Deloitte said that it would shortly cease broadcasting to customers in Great Britain but would continue to operate elsewhere.

They said they would immediately stop collecting subscription payments.

About 200 employees involved with the British operations will be made redundant, the firm said.

Setanta had a total of 420 employees in the UK and Ireland.

"This is a sad day for all concerned," said Sir Robin Miller, chairman of Setanta.

"Unfortunately, in a difficult and highly competitive market, and despite strenuous efforts by the board and management, it has not been possible to find sufficient additional funds in the time available to ensure its survival."

Setanta will continue to broadcast in Ireland.

Setanta International and Setanta Ireland have not entered administration. Setanta Ireland will cover broadcasting in the Republic of Ireland and Northern Ireland.

Setanta also had a contract with the FA to broadcast England home friendly matches, FA Cup ties, England U21 games and the FA Community Shield.

The FA's chief executive Ian Watmore said it would now "consider options to find the best platform to broadcast those fixtures contracted to Setanta", adding that it expected "significant interest".

Missed payments

Analysts say Setanta has been running at a loss of about £100m a year, after missing subscriber targets.

The broadcaster has 1.2 million customers, 700,000 short of the 1.9 million that industry experts believe they need to break even.

Setanta Sports missed payments to both the English Premier League and the Scottish Premier League (SPL) in recent weeks, resulting in both organisations taking their respective broadcasting rights back.

On Monday, the US sports network ESPN bought the rights to show the 46 English Premier League games Setanta was due to show next season, as well as the 23 matches it was to broadcast in each of the following three seasons.

The SPL has said it is also looking for a new buyer for its domestic broadcasting rights.

Setanta also has broadcast deals with the Blue Square Premier non-league football in England, IPL cricket and the PGA golf tour.

Sean Williams, managing director of strategy at BT Retail, said: "The failure of Setanta throws into stark relief the market failure in pay TV in the UK.

"Competition in pay TV in the UK is not working effectively. This gives rise to significant harm to consumers in the form of higher prices, restricted choice and diminished innovation."

BT added that it was in talks with ESPN about a deal to show the English Premier League matches that it has bought the rights to for next season, and is telling customers to retain their BT Vision/Setanta viewing card.

Virgin Media has also confirmed it is in discussions with ESPN.


Good news for all UK Wrestling fans as it looks as if the 'E will be staying with Sky Sports for the the forseeable future.

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6 months ago  ::  Jun 23, 2009 - 3:18PM #2
CEppes
Posts: 5232
I knew about that last night.  It was scrolling on ESPNews.
I would just like to ask....why all the drama? Its WWE Universe we are all supposed to be friends and be on the site to have fun...not make it a soap opra. -- WWE Universes EdgeHead(AngleV2)
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6 months ago  ::  Jun 23, 2009 - 3:22PM #3
Vívą da Sílva
Posts: 5706
I'm glad because their coverage and analysis for football (soccer) is terrible. Don't know how I'll get to watch UFC now though Scared
WWE News: http://fans.wwe.com/theswede/go/forum/viewcategory/67998/WWE_News
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Things Viva doesn't do:
- He doesn't check his shoutouts
- He doesn't check his group invites
- He doesn't reply to messages from horny teens
- He doesn't have to "backmask" songs because he can do it automatically in his head.
6 months ago  ::  Jun 23, 2009 - 3:24PM #4
Nikki
Posts: 31
I'm actually quite upset by this! They had the Australian National Rugby League rights!! Where will we watch it now??? :(



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6 months ago  ::  Jun 23, 2009 - 4:05PM #5
Oиє Of α Kιи∂ 1994
Posts: 5696

Jun 23, 2009 -- 3:09PM, Vívą da Sílva wrote:

The Irish broadcaster Setanta Sports has gone into administration after failing to make a number of payments to sporting organisations.

The administrator Deloitte said that it would shortly cease broadcasting to customers in Great Britain but would continue to operate elsewhere.

They said they would immediately stop collecting subscription payments.

About 200 employees involved with the British operations will be made redundant, the firm said.

Setanta had a total of 420 employees in the UK and Ireland.

"This is a sad day for all concerned," said Sir Robin Miller, chairman of Setanta.

"Unfortunately, in a difficult and highly competitive market, and despite strenuous efforts by the board and management, it has not been possible to find sufficient additional funds in the time available to ensure its survival."

Setanta will continue to broadcast in Ireland.

Setanta International and Setanta Ireland have not entered administration. Setanta Ireland will cover broadcasting in the Republic of Ireland and Northern Ireland.

Setanta also had a contract with the FA to broadcast England home friendly matches, FA Cup ties, England U21 games and the FA Community Shield.

The FA's chief executive Ian Watmore said it would now "consider options to find the best platform to broadcast those fixtures contracted to Setanta", adding that it expected "significant interest".

Missed payments

Analysts say Setanta has been running at a loss of about £100m a year, after missing subscriber targets.

The broadcaster has 1.2 million customers, 700,000 short of the 1.9 million that industry experts believe they need to break even.

Setanta Sports missed payments to both the English Premier League and the Scottish Premier League (SPL) in recent weeks, resulting in both organisations taking their respective broadcasting rights back.

On Monday, the US sports network ESPN bought the rights to show the 46 English Premier League games Setanta was due to show next season, as well as the 23 matches it was to broadcast in each of the following three seasons.

The SPL has said it is also looking for a new buyer for its domestic broadcasting rights.

Setanta also has broadcast deals with the Blue Square Premier non-league football in England, IPL cricket and the PGA golf tour.

Sean Williams, managing director of strategy at BT Retail, said: "The failure of Setanta throws into stark relief the market failure in pay TV in the UK.

"Competition in pay TV in the UK is not working effectively. This gives rise to significant harm to consumers in the form of higher prices, restricted choice and diminished innovation."

BT added that it was in talks with ESPN about a deal to show the English Premier League matches that it has bought the rights to for next season, and is telling customers to retain their BT Vision/Setanta viewing card.

Virgin Media has also confirmed it is in discussions with ESPN.


Good news for all UK Wrestling fans as it looks as if the 'E will be staying with Sky Sports for the the forseeable future.


christ sake my team will go bank rupt now (Aberdeen) that was virtually there only source of finanace Angry

btw your avatar is quite mysterious care to explain haha Crazy?

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6 months ago  ::  Jun 23, 2009 - 4:11PM #6
Vívą da Sílva
Posts: 5706

Jun 23, 2009 -- 4:05PM, Oиє Of α Kιи∂ 1994 wrote:


christ sake my team will go bank rupt now (Aberdeen) that was virtually there only source of finanace Angry

btw your avatar is quite mysterious care to explain haha Crazy?


Yea lower leagues clubs in England are knackered too. Shame really, the rich get richer and the poor get poorer.

Its Cherly Cole...what more needs to be said lol.

WWE News: http://fans.wwe.com/theswede/go/forum/viewcategory/67998/WWE_News
Mark for: The Rock
Fan of: William Regal, The Undertaker, Chris Jericho, John Cena, Jeff Hardy and Santino Marella, JTG, Jack Swagger, Evan Bourne
Closet fan of: Shawn Michaels, Randal Orton and Kelly "she's so good they named her twice" Kelly.

Things Viva doesn't do:
- He doesn't check his shoutouts
- He doesn't check his group invites
- He doesn't reply to messages from horny teens
- He doesn't have to "backmask" songs because he can do it automatically in his head.
6 months ago  ::  Jun 23, 2009 - 4:14PM #7
46+0™
Posts: 11021
I've never actually watched Setanta (Yes, we don't get Spike, HDNet or G4, but we get f*cking Setanta). I thought it was Spanish.
46+0™ || ѕyѕтeмe de ѕeхe.

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6 months ago  ::  Jun 23, 2009 - 4:15PM #8
Oиє Of α Kιи∂ 1994
Posts: 5696

Jun 23, 2009 -- 4:11PM, Vívą da Sílva wrote:

Jun 23, 2009 -- 4:05PM, Oиє Of α Kιи∂ 1994 wrote:


christ sake my team will go bank rupt now (Aberdeen) that was virtually there only source of finanace Angry

btw your avatar is quite mysterious care to explain haha Crazy?


Yea lower leagues clubs in England are knackered too. Shame really, the rich get richer and the poor get poorer.

Its Cherly Cole...what more needs to be said lol.


EVERYTHING NOW MAKES PERFECT SENSE Super Happy

RVD'S #1 FAN!


Not Removing until RVD wrestles for WWE again 31/5/09
Not Removing until ECW gets EXTREME!
Not Removing until WWE stop releasing and start resigning
Not Removing until TV14 returns
Not Removing until John Cena goes 4 months without a title
Not Removing until Shelton Benjamin or John Morrsion get a heavyweight title push
Not Removing until WWE starts using better gimmicks

Straight up ... BALLIN'

SAVE_US.Y2J

OFF TOPICS GOLD STANDARD

Fan of:ROB VAN DAM,Kane,Jericho,MVP,Kurt Angle,Chris Masters,Edge,Triple H,Randy Orton,Mark Henry,Dolph Ziggler,Shawn Michaels,Ted Dibiase,The Miz,CM Punk,Maryse,Natalya,Evan Bourne,Christian,John Morrison,Shelton Benjamin,Jack Swagger,Matt Hardy,Kurt Angle,Jay Lethal,Consequences Creed,Alex Shelley,Chris Sabin,Billy Gunn,X-Pac AJ Styles,Samoa Joe,Abyss and TEAM 3D

Dislikes: Rey Mysterio,Jeff Hardy,William Regal,Santino Marella,John Cena,Batista,Cody Rhodes,Big Show,The Brian Kendrick,British Invasion,Daffney,Matt Morgan,Chavo Guerrero,Ezekiel Jackson,Mickie James,Vickie Guerrero,Finlay,Ricky Ortiz,Tyson Kidd and Dr. Stevie

Favourite Legends: Stone Cold Steve Austin, The Rock, Mick Foley, Undertaker, Hulk Hogan, Kevin Nash, Sting,  Eddie Guerrero (RIP) and Chris Benoit(RIP).

My Peeps ;)


Manda Panda,"The Instant Classic" Captain CHaRISma,Planet Y2J, Nessie, Charismatic Enigma Princess,Lil'MissHannah-Louise,The franchise Playa' Kurt Orton, Son of Muta, Mr Coolio, The Icon The Awesomeness,"The Even Flow" Jesus.Is.Jericho,Bonita Bunny,Karen™ Ortons Voice ,Referee_Diva,UnbentWeiner,xCrossfacex ,Mandible Claw,tђє ๓เzッ,Peanut.Butter.Jelly.Time™,тнє נєяι¢нσнσℓι¢ (#1 вєтн ℓσνєя) , Evil Bruisy, Tiffylicious,-Calm_Mind-,~{Jeri¢нσ.ιѕ.ℓєgєи∂}~(Ortongirl),● Xtreme the Enigma ● ,HBKfan4ever,FЯED and KOЯN Rock™,Hazza,Cody Rhodes Chick No.1,King.KendrickV1™,nassuncurpanalacrachun,Big Red Machine,Miss Extreme Jeffro's Gurl That Jeff Hardy and JoMo fan,ICE RACER 77,"The Italian Stalian"Mike,King James™,CEppes,sexy-bunny-girl,ShaneO,Pauuu Chan V.4,Shamaymoo,† LiveaƒteЯdeath ЯesuЯRectioη †,Vullings 

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6 months ago  ::  Jun 23, 2009 - 4:23PM #9
''The Icon'' Chris
Posts: 7019
Thank god Setanta are gone, I can't stand them because at times they seemed so anti Man Utd it was bordering on ridiculous.  Especially that tw*t Ashley House, I would love to punch him in the face.
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