Interpolic Posted June 2, 2009 Share Posted June 2, 2009 Couldn't happen to a nicer or more competent channel... http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/5418018/Setanta-buys-time-from-backers.html Setanta buys time from backers Setanta's backers, private equity firms Doughty Hanson and Balderton Capital, and Goldman Sachs, have reportedly offered £50m, leaving the TV company with up to £50m to find. The broadcaster went to the lengths of approaching rival BSKyB for a £50m advance on a deal under which Sky could sell Setanta broadcasts to its Sky Sports subscribers, but the proposal, which took the form of an interest-free loan, has reportedly been rejected. Discussions between the company and its backers were understood to be carrying on this weekend. Doughty Hanson and Balderton each own about 20pc of Setanta, while Goldman Sachs holds less than 5pc Setanta's refinancing negotiations are being led by a recently-appointed team including Sir Robin Miller, the former Emap executive. The company showed this weekend's FA Cup Final between Chelsea and Everton but its finances have been under the spotlight since it secured the rights to only 23 Premier League games a season from 2010, which cast doubt over its ability to fund itself. The broadcaster, which has 1.2m subscribers, reportedly has until June 15 to make a £35m payment to the Premier League. Setanta is in negotiations with customers including the PGA golf tour and the Scottish Premier League to reduce what it pays to air matches. The company is seeking to bargain down some deals by as much as 25pc. Last month, Setanta appointed accountants from Deloitte along with its advisers at Close Brothers, to help with negotiations. Setanta declined to comment on funding discussions. I was all for Sky having a bit of competition but they've made a right pig's ear of it from start to finish. Link to post Share on other sites More sharing options...
Dave Posted June 2, 2009 Share Posted June 2, 2009 Haha, great. Link to post Share on other sites More sharing options...
pedro111 Posted June 2, 2009 Share Posted June 2, 2009 Aye hate setanta, mainly becasue I dont have it but hopefully this will mean the UFC will be back on Bravo! Link to post Share on other sites More sharing options...
midds Posted June 2, 2009 Share Posted June 2, 2009 Devastating news. Link to post Share on other sites More sharing options...
Guest wshmag Posted June 2, 2009 Share Posted June 2, 2009 burley is a canny pundit, though. Link to post Share on other sites More sharing options...
Decky Posted June 2, 2009 Share Posted June 2, 2009 Hopefully I can get it cancelled this way then, its like pulling teeth on the phone. Link to post Share on other sites More sharing options...
womblemaster Posted June 2, 2009 Share Posted June 2, 2009 ufc? uddersfield football club? they in the part time agricultural league? Link to post Share on other sites More sharing options...
Guest Heneage Posted June 2, 2009 Share Posted June 2, 2009 I get this but the money hasn't come out of my account in months. Link to post Share on other sites More sharing options...
Nicky Posted June 2, 2009 Share Posted June 2, 2009 I do like the fact of how much coverage they give to the Conference. Never had that many when Sky had the rights, but yeah, they're royally shit apart from that. Link to post Share on other sites More sharing options...
Decky Posted June 2, 2009 Share Posted June 2, 2009 I get this but the money hasn't come out of my account in months. Same here, I think they charge every quarter. Although their main call centre is in Newry and ive a few mates who work there, I asked them to cancel it on the system a couple of months ago, so maybe theres some sort of bug with my account and its supposed to not be on Link to post Share on other sites More sharing options...
Interpolic Posted June 2, 2009 Share Posted June 2, 2009 Only positive to come from Setanta showing Premier League games was that I got to meet Les Ferdinand. Him and Steve McManaman did the pundit stuff on a Newcastle 5.15 game and went to Tup Tup Palace that night. I was there with my lass when they walked in (I swear I only went once, true story). I bypassed McManaman pretty sharpish and went and shook the Les' hand. Was a bit mortified the next day when I realised that all I could muster was "Hi Les, you're... you're amazing", pretty sure he thought I was a right freak. Link to post Share on other sites More sharing options...
Guest Heneage Posted June 2, 2009 Share Posted June 2, 2009 I get this but the money hasn't come out of my account in months. Same here, I think they charge every quarter. Although their main call centre is in Newry and ive a few mates who work there, I asked them to cancel it on the system a couple of months ago, so maybe theres some sort of bug with my account and its supposed to not be on Nah cos it hasn't happened since Christmas, gone through me bank statements twice. Link to post Share on other sites More sharing options...
Skeletor Posted June 2, 2009 Share Posted June 2, 2009 Thank fuck Link to post Share on other sites More sharing options...
Ronaldo Posted June 3, 2009 Share Posted June 3, 2009 I get this but the money hasn't come out of my account in months. Same here, I think they charge every quarter. Although their main call centre is in Newry and ive a few mates who work there, I asked them to cancel it on the system a couple of months ago, so maybe theres some sort of bug with my account and its supposed to not be on Nah cos it hasn't happened since Christmas, gone through me bank statements twice. same with me Link to post Share on other sites More sharing options...
toontownman Posted June 3, 2009 Share Posted June 3, 2009 Not bothered if someone else over here picks up all the coverage and games they show. Will be a bit pissed as their internet subscription showed more championship games than there are on tv, live and on demand. Link to post Share on other sites More sharing options...
johnnypd Posted June 3, 2009 Share Posted June 3, 2009 I get this but the money hasn't come out of my account in months. Same here, I think they charge every quarter. Although their main call centre is in Newry and ive a few mates who work there, I asked them to cancel it on the system a couple of months ago, so maybe theres some sort of bug with my account and its supposed to not be on Nah cos it hasn't happened since Christmas, gone through me bank statements twice. same with me likewise, cancelled in February but still get it. can't see them doing too well with one less package of games, people will drop them like a stone once they realise how little premiership football is on there this season. Link to post Share on other sites More sharing options...
ChezGiven Posted June 3, 2009 Share Posted June 3, 2009 Yeah brilliant, Sky are so deserving of a monopoly on football. Link to post Share on other sites More sharing options...
Tisd09 Posted June 3, 2009 Share Posted June 3, 2009 Has anyone got the address you need to send the cancellation letter to? Thanks in advance. Link to post Share on other sites More sharing options...
Guest Jinky James Posted June 3, 2009 Share Posted June 3, 2009 [email protected] When I phoned to cancel they told me to email to the above with my sky veiwing card number , my address and reason for cancellation, 2 inbound phone calls later asking me why I want to cancel and curt answers from me and it seems that I have cracked it. Hope this helps. Link to post Share on other sites More sharing options...
Dr Venkman Posted June 3, 2009 Share Posted June 3, 2009 excellent, die setanta, die Link to post Share on other sites More sharing options...
gray Posted June 3, 2009 Share Posted June 3, 2009 whats so wrong with setanta like? 100 jobs go at st james' and you're all in tears, but 1000 people's jobs being at risk at setanta is fair game? Link to post Share on other sites More sharing options...
NG32 Posted June 3, 2009 Share Posted June 3, 2009 whats so wrong with setanta like? 100 jobs go at st james' and you're all in tears, but 1000 people's jobs being at risk at setanta is fair game? Setatna is fucking shit. Thats whats wrong with it. Link to post Share on other sites More sharing options...
Guest toonlass Posted June 3, 2009 Share Posted June 3, 2009 Has anyone got the address you need to send the cancellation letter to? Thanks in advance. Just cancel your direct debit. I did in September after the Arsenal debarkle with the cunt Burley's awful and biased commentary, and sent an email to them, explaining that they were shite and I couldn't get through at their call centre so they could take this as my cancellation. Never heard anything back, no more money gone. Link to post Share on other sites More sharing options...
Dr Venkman Posted June 3, 2009 Share Posted June 3, 2009 whats so wrong with setanta like? 100 jobs go at st james' and you're all in tears, but 1000 people's jobs being at risk at setanta is fair game? i wasnt in tears. people will always lose jobs, then get new ones, complaining about that's like complaining about the weather. i hate setanta because now i have to pay even more if i want to see all the televised games. and setanta is shit. Link to post Share on other sites More sharing options...
Jill Posted June 3, 2009 Share Posted June 3, 2009 I don't really mind Setanta. Though I suppose I do get it free as part of my Virgin package, so maybe that influences my feelings. Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now