Setanta in Administration

by Yommie | June 23, 2009 at 10:19 am
125 views | 0 Recommendations | 0 comments

I tried to long on to Setanta web site and I got this:

Setanta Sports Customers from England, Wales, Scotland, Isle of Man and Channel Islands, please be advised that it is with great regret that Setanta GB is no longer trading.

Setanta Sports is still operating in the Republic of Ireland and Northern Ireland only. Customers from ROI and NI should go to www.setanta.com/ie for more information.

Setanta Sport Limited
Setanta Transmissions (UK) Limited
Setanta Sports S.a.r.l
(All In Administration)
(together "the Companies")

On 23 June 2009, Neville Kahn, Lee Manning and Nick Edwards were appointed Joint Administrators of the Companies and now manage the affairs, business and property of Setanta Sport Limited and Setanta Transmissions (UK) Limited and Setanta Sports S.a.r.l.. The Joint Administrators contract as agents of the Companies and without personal liability

******

So that is it. About 200 employees are set to be sacked. This news comes days after the English Premier League took away the Setanta's rights to show Premier Legue football. The rights has been handed over to ESPN.

It has been revealed that Setanta had below 1.9 millions subscribers and has over £100m debts.

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