Report says Setanta Sports may stop broadcasting this week
June 9th, 2009 -
Irish-based pay-TV broadcaster Setanta Sports, which has about one million subscribers in the UK, is on the verge of collapse, and according to a report on the website of Scottish broadcaster STV, administrators are preparing to pull the plug. Setanta could be placed in administration by the end of the week and if that occurs the station would be immediately pulled from TV screens.
Attempts to subscribe to the channels today, online or by phone, were unsuccessful with a message stating that the service is temporarily unavailable.
STV says Setanta is due to make another payment of £30 million to the English Premier League on Monday, while its failure to pay the final instalment of £3 million to the Scottish Premier League (SPL) has put the SPL in a very difficult financial position.
By the end of this week there could be no-one signed up to show Scottish Premier League matches next season, says STV. That would make it very difficult for SPL Bosses to find another broadcaster to match the price which they were expecting from Setanta. ESPN has been touted as one of the companies which could step in, but with a much lower offer.