Blavatnik offers Setanta stake increase

By Julian Clover | June 12, 2009

Russian born billionaire Leornard Blavatnik has offered Setanta Sports £20 million in return for a 51% stake. Blavatnik’s Access Industries already owns a minority 3% stake in the troubled sports broadcaster.

It is believed Blavatnik is the mystery investor that came to light in overnight press reports.

Blavatnik is also the largest investor in the DTT pay service Top Up TV in which he has a stake in the region of 70%. He also owns Premium TV, the digital media sports group that builds and manages websites for organisations including Chelsea FC and the Premier League, previously operated by NTL.

Other holdings include the Russian broadcaster CTC Media.