Setanta back up and running
Satellite TV company Setanta is this evening taking subscriptions again after apparently securing a last-minute reprieve. The company has been in discussions with a number of interested parties with regards to a rescue package which would see SPL and Premier League Football games continue to be beamed live in the UK. The company had apparently died a death just last week but funding initiatives are being secured at this moment in time and the company is now taking subscriptions from new customers.
However, Setanta is said to owe the English Premier League tens of millions of pounds in stage payments for the rights to the English game and the Football Association is threatening to take action. It is rumoured that unless the outstanding money is received by this Friday the English FA will auction the Setanta rights to the highest bidder. The English Premier League is one of the foundations of the Setanta company and the loss of this particular avenue of income could yet push the company back into trouble.
While thankfully Setanta has rescued itself from the brink for the moment, there is no doubt that there are still many obstacles to navigate in the short to medium term.
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