End nearing for UK Pay DTT operator Setanta?

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Setanta, which launched itself as a rival to BSkyB in 2003, has struggled to make its numbers, and reportedly not helped now by a tougher approach to cash-flow from major funders Doughty Hanson. Setanta is said to need at least a £100m immediate injection to see it through this winter – but the problems are compounded given that its soccer offering is reduced.

Existing shareholders are pressing for a major rights re-negotiations with the soccer leagues in particular. They, in fairness, are duty bound to get the best possible terms for their member clubs, and if Setanta ends up in formal administration then the rights may revert to Setanta’s rivals.

Read article here.

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