Setanta goes into administration - 23rd Jun 2009 3:03pm
Setanta goes into administration
The Irish broadcaster Setanta Sports has gone into administration after failing to make a number of payments to sporting organisations.
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The administrator Deloitte said that it would shortly cease broadcasting to customers in Great Britain but would continue to operate elsewhere.
They said they would immediately stop collecting subscription payments.
Two hundred employees involved with the British operations have been made redundant.
Setanta had a total of 420 employees.
"This is a sad day for all concerned," said Sir Robin Miller, chairman of Setanta.
"Unfortunately, in a difficult and highly competitive market, and despite strenuous efforts by the board and management, it has not been possible to find sufficient additional funds in the time available to ensure its survival."
THE BBC
The Irish broadcaster Setanta Sports has gone into administration after failing to make a number of payments to sporting organisations.
The administrator Deloitte said that it would shortly cease broadcasting to customers in Great Britain but would continue to operate elsewhere.
They said they would immediately stop collecting subscription payments.
Two hundred employees involved with the British operations have been made redundant.
Setanta had a total of 420 employees.
"This is a sad day for all concerned," said Sir Robin Miller, chairman of Setanta.
"Unfortunately, in a difficult and highly competitive market, and despite strenuous efforts by the board and management, it has not been possible to find sufficient additional funds in the time available to ensure its survival."
THE BBC