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Reports: Setanta Sports wooing a new money mark
By Zach Arnold | June 12, 2009
- Reuters: Setanta looking for a 50 million pound investment payment
- The London Telegraph: Setanta white knight is overseas investor with UK interests
- ITN: Setant in talk with an ‘unnamed major international group’ to buy majority stake in company
- BBC News: A new deal could be finalized in the next 72 hours
Update: The money man has been identified as Len Blavatnik.
- The London Telegraph: UFC safe on Setanta until current contract expires in January 2010
- Reuters: Access Industries submits rescue plan to Setanta
- The Irish Times: US industrialist throws Setanta £20m lifeline
Topics: Media, UK, Zach Arnold | 4 Comments » | Permalink | Trackback |
Still dont see how this helps in the long term. They cant hit there subscription targets if anything they will only get lower.
“unnamed”… who has that kind of money?
Unless this is just another Murdoch acquisition.
BILLIONAIRE Len Blavatnik reckons his £20 million bid to rescue Setanta will be accepted next week.
http://www.dailyrecord.co.uk/football/2009/06/13/spl-cash-crisis-20-million-setanta-bail-out-to-be-concluded-next-week-86908-21437301/
personally i’m really glad that Setanta got some support, their UFC coverage in the uk is pretty good, to get the PPV events for the monthly subscription fee is a great deal in comparison to the prices in the US. Maybe when UFC does get a bigger fan base over in the UK we will see it change. I hope not though, i like how it currently works, and Setanta did a good job updating their online system, now the streams are much more solid and much higher quality, i can easily watch the streams on my hdtv and not be able to tell the difference in quality from Standard Def Tv.