Deloitte confirms Setanta administration

Deloitte confirms Setanta administration

Troubled sports broadcaster fails to make payments

Deloitte’s Neville Kahn, Lee Manning and Nick Edwards were today appointed
joint administrators to Setanta Sport Limited and Setanta Transmissions (UK)
Limited following an unsuccessful bid to make the necessary repayments.

The broadcaster has 420 employees in the UK and Ireland, and approximately
1.2 million subscribers, with channels available in three million homes.

Kahn said the business will be wound down after talks between the board,
management team and financial backers failed.

‘This decision means that [Setanta] will shortly cease broadcasting to its
customers in Great Britain.

‘Regrettably, approximately 200 employees will be made redundant in respect
of the Great Britain business. Setanta has today suspended the collection of
subscription payments from customers in Great Britain,’ he said.

Further Reading:

MP
calls for full disclosure of costs of digital switchover

Virgin
Media signs deal with Setanta to show football

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource