Setanta 'is on brink of collapse'
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I cancelled in late April and they have been hassling me ever since offering me 3 months @ 3.33 to watch their stuff through the summer.
Why would I pay even £3.33? How they manage to support 3 full-time channels is beyond me.
The thing that concerns me is that Setanta provide access to LFC TV which may mean a loss of revenue to us when they inevitably go bust.
Why would I pay even £3.33? How they manage to support 3 full-time channels is beyond me.
The thing that concerns me is that Setanta provide access to LFC TV which may mean a loss of revenue to us when they inevitably go bust.
[quote author=rage link=topic=34071.msg884692#msg884692 date=1244532891]
excellent news. does that mean they lose next season? i hope so.
[/quote]
Why is it excellent? I'm presuming you mean will they lose the rights to the 46 EPL games?
They won't be shown for free! Infact a stronger, more financially sound Sports broadcaster, like ESPN, may well charge more.
excellent news. does that mean they lose next season? i hope so.
[/quote]
Why is it excellent? I'm presuming you mean will they lose the rights to the 46 EPL games?
They won't be shown for free! Infact a stronger, more financially sound Sports broadcaster, like ESPN, may well charge more.
[quote author=Dee link=topic=34071.msg884700#msg884700 date=1244533164]
The thing that concerns me is that Setanta provide access to LFC TV which may mean a loss of revenue to us when they inevitably go bust.
[/quote]
Yeah - would LFCTV go onto Sky?
I'm still subscribed to Setanta - I should cancel it really though.
The thing that concerns me is that Setanta provide access to LFC TV which may mean a loss of revenue to us when they inevitably go bust.
[/quote]
Yeah - would LFCTV go onto Sky?
I'm still subscribed to Setanta - I should cancel it really though.
[quote author=keniget link=topic=34071.msg884705#msg884705 date=1244533343]
[quote author=Dee link=topic=34071.msg884700#msg884700 date=1244533164]
The thing that concerns me is that Setanta provide access to LFC TV which may mean a loss of revenue to us when they inevitably go bust.
[/quote]
Yeah - would LFCTV go onto Sky?
I'm still subscribed to Setanta - I should cancel it really though.
[/quote]
Me too, they've got the garlic on it though so I'll keep it until September.
That wasn't a typo.
[quote author=Dee link=topic=34071.msg884700#msg884700 date=1244533164]
The thing that concerns me is that Setanta provide access to LFC TV which may mean a loss of revenue to us when they inevitably go bust.
[/quote]
Yeah - would LFCTV go onto Sky?
I'm still subscribed to Setanta - I should cancel it really though.
[/quote]
Me too, they've got the garlic on it though so I'll keep it until September.
That wasn't a typo.
So assuming they go bust what happens to the likes of LFC.tv and espn America?
At least that Steve bunce cunt will be off the tv anyway
They do much better coverage over here, however they aren't available as widely as the more mickey mouse outfit.
I would love it, all things considered, if Setanta went under, because surely someone less obscure would pick the games up over here.
I would love it, all things considered, if Setanta went under, because surely someone less obscure would pick the games up over here.
[quote author=Dee link=topic=34071.msg884687#msg884687 date=1244532776]
Well Prof you are not wrong there. Setanta is by far and away the crapest company I have ever dealt with, no wonder they have gone tits up, the way they treat people is a disgrace. I probably would have renewed at some point, had it not been for the way I was handled.
It serves them right.
Hopefully this will give LFC a bigger audience, that was probably the biggest single reason I subscribed to Setanta in the first place.
Having said that it was nice to visit Portly on Liverpool games and have beer and pizza, he had it on his Virgin package.
regards
"BBC Online" said:
Well Prof you are not wrong there. Setanta is by far and away the crapest company I have ever dealt with, no wonder they have gone tits up, the way they treat people is a disgrace. I probably would have renewed at some point, had it not been for the way I was handled.
It serves them right.
Hopefully this will give LFC a bigger audience, that was probably the biggest single reason I subscribed to Setanta in the first place.
Having said that it was nice to visit Portly on Liverpool games and have beer and pizza, he had it on his Virgin package.
regards
[quote author=Dee link=topic=34071.msg884714#msg884714 date=1244533733]
[quote author=SaintGeorge67 link=topic=34071.msg884711#msg884711 date=1244533623]
So assuming they go bust what happens to the likes of LFC.tv and espn America?
[/quote]
Sky's then the only game in town.
[/quote]
They were the only game in Town when Sky had the Premiership plus and it seemed better then. I could pick any matches I wanted on PPV with Sky.
With Setanta it all became too fragmented.
From a match going fans perspective and daft kick off times I won't be sorry to see them go either.
regards
[quote author=SaintGeorge67 link=topic=34071.msg884711#msg884711 date=1244533623]
So assuming they go bust what happens to the likes of LFC.tv and espn America?
[/quote]
Sky's then the only game in town.
[/quote]
They were the only game in Town when Sky had the Premiership plus and it seemed better then. I could pick any matches I wanted on PPV with Sky.
With Setanta it all became too fragmented.
From a match going fans perspective and daft kick off times I won't be sorry to see them go either.
regards
One thing that Setanta did do that was worth something is that they provided a route to *some* EPL games via terrestrial TV. I'm guessing Sky will be tracking this closely as it could provide them with a shortcut to offering the Pay package on Terrestrial that they've wanted for some time.
[quote author=Dee link=topic=34071.msg884704#msg884704 date=1244533323]
[quote author=rage link=topic=34071.msg884692#msg884692 date=1244532891]
excellent news. does that mean they lose next season? i hope so.
[/quote]
Why is it excellent? I'm presuming you mean will they lose the rights to the 46 EPL games?
They won't be shown for free! Infact a stronger, more financially sound Sports broadcaster, like ESPN, may well charge more.
[/quote]
good! it'll mean i get a better quality service. i don't mind paying, i mind paying for shit and setanta have been just that
[quote author=rage link=topic=34071.msg884692#msg884692 date=1244532891]
excellent news. does that mean they lose next season? i hope so.
[/quote]
Why is it excellent? I'm presuming you mean will they lose the rights to the 46 EPL games?
They won't be shown for free! Infact a stronger, more financially sound Sports broadcaster, like ESPN, may well charge more.
[/quote]
good! it'll mean i get a better quality service. i don't mind paying, i mind paying for shit and setanta have been just that
[quote author=Dee link=topic=34071.msg884704#msg884704 date=1244533323]
[quote author=rage link=topic=34071.msg884692#msg884692 date=1244532891]
excellent news. does that mean they lose next season? i hope so.
[/quote]
Why is it excellent? I'm presuming you mean will they lose the rights to the 46 EPL games?
They won't be shown for free! Infact a stronger, more financially sound Sports broadcaster, like ESPN, may well charge more.
[/quote]
Or back to PremPlus, which was better value for money than Setanta.
I'll be glad to see them go down, and back to one suscription fee, not that I've had setanta for a while now mind.
[quote author=rage link=topic=34071.msg884692#msg884692 date=1244532891]
excellent news. does that mean they lose next season? i hope so.
[/quote]
Why is it excellent? I'm presuming you mean will they lose the rights to the 46 EPL games?
They won't be shown for free! Infact a stronger, more financially sound Sports broadcaster, like ESPN, may well charge more.
[/quote]
Or back to PremPlus, which was better value for money than Setanta.
I'll be glad to see them go down, and back to one suscription fee, not that I've had setanta for a while now mind.
I liked not have a choice. Did anyone ask the fans if they minded forking out a shit load more each year for crap games on a crap night?
Thanks but no thanks. The sooner they are bust the better.
Maybe the Beeb will pick up some of the programming and we'll get it free. Would be nice to have Sports back on normal tv.
Thanks but no thanks. The sooner they are bust the better.
Maybe the Beeb will pick up some of the programming and we'll get it free. Would be nice to have Sports back on normal tv.
this could be bad... for the premiership
the monies they owe to the premier league, will not be met for this season (just gone) and next season.. and likely never will be if they go into administration
meaning the remaining package for next season will be sold off to another bidder.. Unfortunately sky will not be able to get their hands on it all.. (EC rules)
Probably likely will go to a terrestial channel at a stupidly knocked down price.. and so will the package they bid for the 2010/11 season onwards..
Anyone remember ITV digital when they went bust... ?? ??
the monies they owe to the premier league, will not be met for this season (just gone) and next season.. and likely never will be if they go into administration
meaning the remaining package for next season will be sold off to another bidder.. Unfortunately sky will not be able to get their hands on it all.. (EC rules)
Probably likely will go to a terrestial channel at a stupidly knocked down price.. and so will the package they bid for the 2010/11 season onwards..
Anyone remember ITV digital when they went bust... ?? ??
[quote author=gkmacca link=topic=34071.msg885096#msg885096 date=1244561941]
Hopefully the BBC will be able to get some coverage.
[/quote]
Who'd want to watch them? 😉
Hopefully the BBC will be able to get some coverage.
[/quote]
Who'd want to watch them? 😉
yes, people keen to piss on setanta now, should realize this will be bad for the game. and it's going to send coverage in america back to the stone age as well, just as they were launching on more and more cable channels, and really making a dent...
fingers crossed that a hail mary might do it...
seems like only yesterday, (a year ago) there was talk of a multi billion payoff...
successful entrepreneurs know when to get in, and when to get out...
fingers crossed that a hail mary might do it...
seems like only yesterday, (a year ago) there was talk of a multi billion payoff...
successful entrepreneurs know when to get in, and when to get out...
THE Liverpool FC television channel could be temporarily taken off air if broadcaster Setanta falls into administration.
Reds bosses today said the channel, which is owned by the club but part of the Setanta package, would not be affected if they went into administration.
Directors of the Irish pay-TV broadcaster are considering a last-ditch rescue package for Setanta who owe the Premier League £30m.
Their backers have refused to advance them any more money.
If Setanta go bust, Lfc.tv could disappear from our screens, but bosses claim only for a short period until a new arrangement is found.
Staff at the Reds channel were set to have an urgent meeting this morning to discuss the likely effect on Lfc.tv, which is based at the Matchworks office complex in Speke.
Anfield bosses are confident any disruption will be minimal as Lfc.tv broadcasts to 80 countries and has a global audience of over 100 million.
They are continuing to make programmes and stress they have daily international and online commitments.
A spokesman for Liverpool FC said: “Lfc.tv is continuing to broadcast as normal on Virgin Media and online.
“We are aware of the rumours circulating about Setanta’s future and we are working to ensure that if anything should change with regard to their stability, Liverpool fans will still be able to access lfc.tv.â€
It also emerged yesterday that BSkyB refused a £50m lifeline to Setanta to ease their financial woes.
Setanta’s subscription services for new customers also became unavailable yesterday.
Internet applicants were flashed a message saying: “Oops! Something has gone wrong....â€
Setanta’s customer services confirmed to callers that new subscriptions were unavailable due to a “technical problemâ€.
Setanta had asked Sky for £50m and in return offered access to the live rights to 46 Premier League games next season as an add-on option to Sky Sports.
But Sky’s chief executive Jeremy Darroch said it was “a broadcaster not a bankâ€, but insisted it had no wish to see Setanta go into administration.
ESPN is favourite to step in and take over Setanta’s Premier League games if it goes into administration.
The Premier League should not be badly affected should Setanta go into administration as they have only won one of the six live broadcast packages for 2010 to 2013.
Reds bosses today said the channel, which is owned by the club but part of the Setanta package, would not be affected if they went into administration.
Directors of the Irish pay-TV broadcaster are considering a last-ditch rescue package for Setanta who owe the Premier League £30m.
Their backers have refused to advance them any more money.
If Setanta go bust, Lfc.tv could disappear from our screens, but bosses claim only for a short period until a new arrangement is found.
Staff at the Reds channel were set to have an urgent meeting this morning to discuss the likely effect on Lfc.tv, which is based at the Matchworks office complex in Speke.
Anfield bosses are confident any disruption will be minimal as Lfc.tv broadcasts to 80 countries and has a global audience of over 100 million.
They are continuing to make programmes and stress they have daily international and online commitments.
A spokesman for Liverpool FC said: “Lfc.tv is continuing to broadcast as normal on Virgin Media and online.
“We are aware of the rumours circulating about Setanta’s future and we are working to ensure that if anything should change with regard to their stability, Liverpool fans will still be able to access lfc.tv.â€
It also emerged yesterday that BSkyB refused a £50m lifeline to Setanta to ease their financial woes.
Setanta’s subscription services for new customers also became unavailable yesterday.
Internet applicants were flashed a message saying: “Oops! Something has gone wrong....â€
Setanta’s customer services confirmed to callers that new subscriptions were unavailable due to a “technical problemâ€.
Setanta had asked Sky for £50m and in return offered access to the live rights to 46 Premier League games next season as an add-on option to Sky Sports.
But Sky’s chief executive Jeremy Darroch said it was “a broadcaster not a bankâ€, but insisted it had no wish to see Setanta go into administration.
ESPN is favourite to step in and take over Setanta’s Premier League games if it goes into administration.
The Premier League should not be badly affected should Setanta go into administration as they have only won one of the six live broadcast packages for 2010 to 2013.
Setanta finds backer for £50m rescue deal
Setanta Sports founders Michael O’Rourke and Leonard Ryan have found an international backer that could help them secure the future of the Dublin-based pay TV sports broadcaster.
Mr O’Rourke and Mr Ryan will put an offer for a majority stake in the cash-strapped business to the company’s directors at a board meeting in London today.
This offer is backed by a major international group and will involve an investment of about £50 million (€58.7 million) in the company.
This will result in Mr O’Rourke, Mr Ryan and their backer taking a majority stake in the business.
If accepted, other shareholders, including private equity firms Balderton Capital and Doughty Hanson, which owns TV3, would have their holdings in the Irish firm diluted.
A deal would also secure about 450 jobs at the broadcaster, including about 200 in Ireland.
Setanta, which is loss-making, urgently needs an injection of cash to prevent the company from slipping into administration.
Mr O’Rourke and Mr Ryan have worked around the clock this week to secure a rescue package to save the company they founded in 1990.
Accounting firm Deloitte was placed on standby to act as administrator to the business if new investment could not be secured.
Setanta has committed close to £1 billion in recent years to secure live rights to top sports including Premier League football and the FA Cup in England, the Scottish Premier League (SPL), PGA golf in the US, Uefa Champions League football and Formula One motor racing.
Earlier this month, Setanta missed a £3 million payment due to the SPL. It was reportedly due to make a £35 million payment to the Premier League in England this week.
Its difficulties began in February when Setanta lost one of its Premier League live rights packages to Sky. This means it will only be able to show 23 live games from August 2010 for three seasons.
In parallel with seeking new investment, Setanta has sought to renegotiate its various rights deals with rights holders. It is believed to have sought discounts of up to 25 per cent from rights holders. The firm has sought to trim other costs within the business in a bid to put the company on a footing to reach breakeven.
Failure to agree a deal today could push the company towards administration. This would result in its rights reverting to the various sporting bodies and could result in Setanta being broken up.
Setanta Sports founders Michael O’Rourke and Leonard Ryan have found an international backer that could help them secure the future of the Dublin-based pay TV sports broadcaster.
Mr O’Rourke and Mr Ryan will put an offer for a majority stake in the cash-strapped business to the company’s directors at a board meeting in London today.
This offer is backed by a major international group and will involve an investment of about £50 million (€58.7 million) in the company.
This will result in Mr O’Rourke, Mr Ryan and their backer taking a majority stake in the business.
If accepted, other shareholders, including private equity firms Balderton Capital and Doughty Hanson, which owns TV3, would have their holdings in the Irish firm diluted.
A deal would also secure about 450 jobs at the broadcaster, including about 200 in Ireland.
Setanta, which is loss-making, urgently needs an injection of cash to prevent the company from slipping into administration.
Mr O’Rourke and Mr Ryan have worked around the clock this week to secure a rescue package to save the company they founded in 1990.
Accounting firm Deloitte was placed on standby to act as administrator to the business if new investment could not be secured.
Setanta has committed close to £1 billion in recent years to secure live rights to top sports including Premier League football and the FA Cup in England, the Scottish Premier League (SPL), PGA golf in the US, Uefa Champions League football and Formula One motor racing.
Earlier this month, Setanta missed a £3 million payment due to the SPL. It was reportedly due to make a £35 million payment to the Premier League in England this week.
Its difficulties began in February when Setanta lost one of its Premier League live rights packages to Sky. This means it will only be able to show 23 live games from August 2010 for three seasons.
In parallel with seeking new investment, Setanta has sought to renegotiate its various rights deals with rights holders. It is believed to have sought discounts of up to 25 per cent from rights holders. The firm has sought to trim other costs within the business in a bid to put the company on a footing to reach breakeven.
Failure to agree a deal today could push the company towards administration. This would result in its rights reverting to the various sporting bodies and could result in Setanta being broken up.
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