Setanta Sinks From Eur 1bn Price Tag to a Fight for Survival [Eire Region]

Daily MailMay 05, 2009

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Summary


THE future of Setanta sports TV is hanging in the balance, less than two years after the station's chiefs turned down a billion euro takeover bid.

Broadcasting bosses are holding crisis talks with the English Premier League over a e67million payment due to be paid by May 15.

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Setanta Sinks From Eur 1bn Price Tag to a Fight for Survival [Eire Region]

They are trying to convince the league to allow them to defer payment of the debt - which forms part of their current Pounds 392million (s439m)deal - while they desperately try to raise funds...

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