Lots of news around at the moment about Setanta Sports and their struggle for survival.
Seems they’ve over-stretched themselves trying to compete with the goliath of Sky.
Apparently the whole venture goes back to a pub in Ealing, where the founders first screened some World Cup games for a few extra quid.
They’re currently trying to re-negiotiate the large deals they’ve made and also trying to get new backing, as their 1.2million subscribers doesn’t cover the bills, with 1.9million apparently the break-even.
Doesn’t sound good.
Main source: Independent
London Blogged :: Pat's London Blog 