FightingIrishman Posted June 9, 2009 Share Posted June 9, 2009 WOW! Yep, that's right folks; one of the premier networks in the UK and Europe has filed for bankruptcy. What does it mean? The end as we know it for Euro Sport telecasting until someone steps in to fill the void. This includes sports like Futbol (all leagues including the Premier leagues), Tennis, Cricket, F1, Grand Prix, and basically anything across the pond. Setanta goes off air at midnight GMT....... Seems like the economy is hitting everywhere. Maybe Sky can fill the void, but it is unlikely. Link to comment Share on other sites More sharing options...
ACW Posted June 9, 2009 Share Posted June 9, 2009 Can you please explain for us Yankees what happened? Link to comment Share on other sites More sharing options...
Old Bay Posted June 9, 2009 Share Posted June 9, 2009 I've never watched much of Setanta. I always watched (notice the past tense) Fox Soccer Channel, but obviously that's more of a niche station than Setanta was. Link to comment Share on other sites More sharing options...
Elessar78 Posted June 9, 2009 Share Posted June 9, 2009 eh, not too worried. someone else will broadcast those games. I did like having Setanta when I was with DirecTV. Link to comment Share on other sites More sharing options...
Slacky McSlackAss Posted June 9, 2009 Share Posted June 9, 2009 Alot of the online streams are Setanta broadcasts. This may pose a bit of an inconvenience. Link to comment Share on other sites More sharing options...
Pedro Posted June 9, 2009 Share Posted June 9, 2009 Can you please explain for us Yankees what happened? Irish sports network that showed specialist sport in small but partisan markets. Expanded into showing a very limited amount of English soccer but can't refinance their debt (debt was cheap and easy to get into, not so much now...) because they are about 800k subscribers away from the 1.9m they need to break even. It's a freebie on my cable package is how good it was.... Link to comment Share on other sites More sharing options...
thehogs Posted June 9, 2009 Share Posted June 9, 2009 Their new customer figures just didnt stack up against costs and commitments to various deals. The down turn in the economy (especially an Irish based company where the economy went tits up a while back) meant investors pulled the plug. It has a major implications for Scottish soccer which Setanta held the rights for. Most Scottish clubs exist on pretty tight budgets and projected income 2-3 years down the line. The way the economy is somone will probably pick up the Setanta rights but at a pretty reduced price. Suddenly Scottish soccer clubs have a big whole in their projected budgets :doh: There is an issue with Sky because of monopoly rules. Setanta had no chance any way - if Sky were showing Liverpool-ManU and Setanta had Burnley-Fulham.... Link to comment Share on other sites More sharing options...
PSUHeckler Posted June 9, 2009 Share Posted June 9, 2009 I'm confused. It's definitely going off the air at midnight???? Still has the schedule/listings for the rest of the week - no sign of bankruptcy on their website Link to comment Share on other sites More sharing options...
thehogs Posted June 9, 2009 Share Posted June 9, 2009 I'm confused. It's definitely going off the air at midnight???? Still has the schedule/listings for the rest of the week - no sign of bankruptcy on their website new customers trying to subscribe today found that the site was down. Basically, they are scrambling around for last minute money to save themselves - they have reneged already on deals for payments to Scottish football and currently are down £30m on payments to English football with no money to pay it. Add to this that they have lost rights to English premiership soccer games as of next year which was a key investment strategy for them...believe me, they are finished no matter what the web site might like people to think. Maybe not tonight but its a done deal. Link to comment Share on other sites More sharing options...
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