Bluepeter9 5,167 Posted June 12, 2009 Share Posted June 12, 2009 BBC Link What I dont understand is that if it has 1.2M subscribers (generating, say £12M - £20M a year) and is making £100M a year LOSS then it needs to be generating a minimum of £80M a year in advertising - now without getting to pedantic about the figures, How the fuck do they expect to make a profit even if they get 1.6M subscribers which they say they need to break even? I am not a media expert but the amount of advertising revenue seeems excessive - OR (what I suspect) the £100M loss is just a makde up figure! Link to post Share on other sites More sharing options...
MisterC 12,287 Posted June 12, 2009 Share Posted June 12, 2009 BC Link What I dont understand is that if it has 1.2M subscribers (generating, say £12M - £20M a year) and is making £100M a year LOSS then it needs to be generating a minimum of £80M a year in advertising - now without getting to pedantic about the figures, How the fuck do they expect to make a profit even if they get 1.6M subscribers which they say they need to break even? I am not a media expert but the amount of advertising revenue seeems excessive - OR (what I suspect) the £100M loss is just a makde up figure! erm do the maths. 1.2m x average tenner a month say, 12m per month obv over summer people will cancel but even still over 9 months would be 108m and thats before advertising. Obviously the rights cost money but also so does the logisitics of broadcasting live matches in the UK ie, staff costs, electricity, the TV trucks and so on. Many in the media have wanted Setanta to fail so I wonder how much of what we are reading is fact and how much is fiction. Link to post Share on other sites More sharing options...
Bluepeter9 5,167 Posted June 12, 2009 Share Posted June 12, 2009 BC Link What I dont understand is that if it has 1.2M subscribers (generating, say £12M - £20M a year) and is making £100M a year LOSS then it needs to be generating a minimum of £80M a year in advertising - now without getting to pedantic about the figures, How the fuck do they expect to make a profit even if they get 1.6M subscribers which they say they need to break even? I am not a media expert but the amount of advertising revenue seeems excessive - OR (what I suspect) the £100M loss is just a makde up figure! erm do the maths. 1.2m x average tenner a month say, 12m per month obv over summer people will cancel but even still over 9 months would be 108m and thats before advertising. Obviously the rights cost money but also so does the logisitics of broadcasting live matches in the UK ie, staff costs, electricity, the TV trucks and so on. Many in the media have wanted Setanta to fail so I wonder how much of what we are reading is fact and how much is fiction. Oh ffs it must be because its a FRIDAY - forgot it was monthly - What a fkng idiot I am !!!! Thanks Link to post Share on other sites More sharing options...
GeneralCartmanLee 313 Posted June 12, 2009 Author Share Posted June 12, 2009 CELTIC have drawn up a radical plan for league reconstruction which they believe could save Scottish football from skid row. Record Sport understands there have already been initial talks between the Parkhead club and SPL bosses over the blueprint which would see the top flight reduced to just 10 teams and the scrapping of the much-maligned split. Sources within the game’s corridors of power say that under Celtic’s proposals two clubs would face relegation from the SPL each season with the possible introduction of promotion play-offs between the side finishing second bottom and the runners-up of the First Division. The overhaul would see a return to the top-10 format last in place nine years ago – with each team playing a total of 36 league games. A reintroduction of the winter shutdown has also been considered and this would allow a greater degree of flexibility in fixture scheduling. That would help those clubs competing in European competitions. The increased flexibility would also allow the top clubs to cash in on lucrative invitations to take part in friendly tournaments across the globe, some of which are scheduled during the competitive campaign. Celtic’s strategy is likely to receive a hostile reception from many of the current top 12 clubs,especially those most at risk from relegation. With Setanta battling to stay in business the SPL are facing up to a nightmare scenario of losing five years’ worth of TV cash – worth an original total of £139million. That deal was renegotiated last month as Setanta’s condition became increasingly critical and it was agreed to wipe £20m of the price of the four-year package which begins next summer. Even so, Record Sport can now reveal that Setanta have asked for a further reduction of £15m as they battle to stay on the airwaves. But that plea will not be entertained until the crisis-hit firm has stumped up the full £3m instalment that was supposed to hit the SPL’s bank account on June 1. Setanta have also informed Celtic and Rangers that even if they are rescued from collapse they can no longer afford to pay around £400,000 a year to show both clubs own official TV channels. They intend to terminate the contracts with both Old Firm clubs at the end of next season. Global media giants ESPN last night denied they are willing to buy Setanta – but are still interested in taking over the TV rights for the SPL if the troubled Irish broadcasters go to the wall. ESPN spokesman Damion Potter told Record Sport: “We currently have no plans to buy Setanta but we are still monitoring the situation. “We remain interested in discussing rights if they make business sense.” Much maligned split....., it may throw up a few anomalies fixture wise but it has given us some of the most exciting league finishes the Scottish game has ever seen, I have no appetite for the ten team league again and the way the voting set up is in the league it is unlikely to reduce in size as it’s the old turkeys voting for Christmas stuff….. Link to post Share on other sites More sharing options...
Gaffbear 4,096 Posted June 12, 2009 Share Posted June 12, 2009 With all due respect to Celtic football club................fuck off ya beggin bastards. All they are doin is telling us the way it was.........wankers. I do agree with the winter shut down though. Link to post Share on other sites More sharing options...
boss 1,941 Posted June 12, 2009 Share Posted June 12, 2009 What I dont understand is that if it has 1.2M subscribers (generating, say £12M - £20M a year) BP9 wakens up to another Friday: Link to post Share on other sites More sharing options...
dtizmo 0 Posted June 12, 2009 Share Posted June 12, 2009 no offence to anyone who relys opn setanta but to be honest they have got it all wrong by seperating themselves from sky sports package they shopuld have looked to see in incorparated with it then they would have had enough subscriptions to at least setanta sports 1 to maybe sell the rest of it, seriously who would wantg to buy what they have on offer, the spl attracts rangers and celtic fans to watch but do you think the aberdeen, united and well fans all want to pay to watch there teams playing once a month, and even that might be against rangers or celtic, no!!! they have got it alol wrong i personally would enjoy watching the irsh sports channel go down the tube of failed experiments and left in the media wastelands along with all those that have come before(cant remember which ones as i am having a moment of writers block), and if any spl, club goes into administration because they didnt get the money from a dodgy tv company that has had problems before then tough titty all this talk on them will they wont they who cares ewveryone should cancel their subsriptions and put the final nail in their coffin, i mean they had john hartson as a regular pundit thats incentive enough Link to post Share on other sites More sharing options...
Liam_RFC 238 Posted June 12, 2009 Share Posted June 12, 2009 is it not ESPN thats lookin to take them over Link to post Share on other sites More sharing options...
HelloMoto 0 Posted June 12, 2009 Share Posted June 12, 2009 Any chance we could sell our own rights in a TV deal? Edit: It appears we can't. Link to post Share on other sites More sharing options...
nvager 498 Posted June 12, 2009 Share Posted June 12, 2009 Just wish it would come to a quick conclusion. Surprised Bill Clinton and Obama have not come to the rescue yet! Link to post Share on other sites More sharing options...
GeneralCartmanLee 313 Posted June 12, 2009 Author Share Posted June 12, 2009 Offer made for stake in Setanta Setanta only won one of the packages of live Premier League games US investor Len Blavatnik is offering £20m for a 51% stake in the troubled Irish pay-tv channel Setanta, the BBC has learned. Mr Blavatnik is also involved with Top-up TV, the pay-tv channel on Freeview. BBC business editor Robert Peston said Mr Blavatnik's intervention could buy Setanta some extra time. Setanta has been hit by subscribers cutting back on their spending in the recession and also from only winning one of the Premier League packages. Setanta won two of the packages of live games in the previous auction. Link to post Share on other sites More sharing options...
CraigRFC 1 Posted June 12, 2009 Share Posted June 12, 2009 It's sickening the fact the SPL never got the £3 mil from them but they are hurrying it all up because they need to pay £30 mil for the EPL Link to post Share on other sites More sharing options...
Blue Stars Bearette 1 Posted June 12, 2009 Share Posted June 12, 2009 he could buy us he he Link to post Share on other sites More sharing options...
Boab 73 Posted June 13, 2009 Share Posted June 13, 2009 Setanta Sports were last night considering an opportunistic offer from the US-based Russian oligarch, Leonard Blavatnik, of a £20m injection into the ailing broadcaster for a 51% stake. Directors emerged from yet another emergency board meeting yesterday with renewed hope that they will be able to stave off administration after a late flurry of activity. Blavatnik, worth an estimated $4bn, has offered the Setanta co-founders, Michael O'Rourke and Leonard Ryan, the money needed to remain solvent but only if they in turn hand over a majority interest in the company. It would mean a major dissolution of their share of the company formed nearly two decades ago, but Blavatnik's bid might be the difference between Setanta staying in business or plunging into administration over the weekend. O'Rourke and Ryan have been trying desperately to raise funds to make a £30m payment owed to the Barclays Premier League by Monday, having already defaulted on a £3m payment to the Scottish Premier League earlier this month. Another option that is being considered by the co-founders is to sell the profitable Irish and US parts of the business, with Denis Desmond - the Irish music promoter who already has a 20% share in Setanta Ireland - believed to be keen on taking over both wings. It would mean Setanta's other shareholders, which include Doughty Hanson and Balderton Capital, would have their stakes reduced. Blavatnik left his native Russia in 1978 and after leaving Harvard Business School founded Access Industries, a New York-based international industrial group. He moved into Russian investments just after the fall of communism and has become one of the richest and most successful of the oligarchy, investing in oil, coal, aluminium, petrochemicals, plastics, telecommunications, media and property. Last night, Access Industries confirmed Blavatnik's intention of seeking a controlling interest in Setanta. "We can confirm that this morning it submitted a proposal to the board of Setanta to acquire a majority interest in Setanta, refinancing the company," read a statement. "Access believes that this proposal would secure the future of the broadcaster for customers, football and employees." http://www.theherald.co.uk/sport/headlines...ta_approach.php Link to post Share on other sites More sharing options...
GeneralCartmanLee 313 Posted June 15, 2009 Author Share Posted June 15, 2009 The epl have told setanta that if they don’t pay them there money by Friday they will re-sell the rights…….. Link to post Share on other sites More sharing options...
Boab 73 Posted June 15, 2009 Share Posted June 15, 2009 Dutch media giant Endemol, the maker of hit show Big Brother, is in talks to take a substantial stake in ailing Irish sports broadcaster Setanta. Endemol is believed to be interested in taking a stake of up to 49% in the company, along with other investors. It is not clear how much Endemol would pay for such a stake. Setanta has not met subscriber targets, and has lost some broadcast rights for English Premier League games, to whom it must make a £30m payment on Monday. The instalment is the latest tranche of cash due in Setanta's £392m, three-year contract with the league. The Premier League would not comment on the deadline, but said that it hoped to make an announcement later on Monday. On Friday Access Industries, controlled by Russian American Len Blavatnik, tabled a £20m bid for a 51% share in Setanta. He and other investors are now carrying out intense "due diligence" (examination of Setanta's books) which should be completed by 19 June. SETANTA'S SPORTS English Premier League Scottish Premier League Blue Square Premier IPL cricket US PGA Tour golf Guinness Premiership rugby union Boxing Setanta, which has rights to broadcast English Premier League football as well as the Scottish Premier League and Guinness premiership rugby, suspended taking new subscriptions last Wednesday after a major downturn in the economy led to a shortfall in customers. It only gained one of the six English premiership TV packages from 2010, and has missed payments to both the FA and the Scottish FA. Setanta has 1.3m UK subscribers, which is short of a target of 1.9m at which it is said to break even but ahead of the number achieved by Sky in its first two years in business. http://news.bbc.co.uk/1/hi/business/8099815.stm Link to post Share on other sites More sharing options...
GeneralCartmanLee 313 Posted June 19, 2009 Author Share Posted June 19, 2009 Just a reminder, setanta has to the end of the day today to pay £30 million to the EPL or they lose that contract and with it, I would imagine, any hope of keeping the channel going. Link to post Share on other sites More sharing options...
grahamteuchter 1 Posted June 19, 2009 Share Posted June 19, 2009 For the love of god...no 10 team premier league....its so fucking boring as it is i doubt anyone wants to watch falkirk hamilton 4 times per season..it needs increased to 18 playing 2 times with a break..stupid dicks over there... How the hell is that supposed to fix the tv rights..fannys Link to post Share on other sites More sharing options...
Boab 73 Posted June 19, 2009 Share Posted June 19, 2009 Troubled sports broadcaster Setanta has failed to pay the latest chunk of the £30m it owes the English Premier League, and will now lose the rights. The League has threatened to sell the rights to the 46 live matches Setanta has for the 2009/2010 season if the broadcaster failed to make the payment. It will now put the rights out to auction, with offers needed by Monday. A potential rescue deal, led by a US investor who had proposed buying 51% of Setanta, fell through. 'Regret' The Premier League said it had "been working with Setanta for some time to help them continue as the broadcaster of 46 English live matches for the 2009/10 season". SETANTA'S SPORTS DEALS English Premier League Scottish Premier League Blue Square Premier IPL cricket US PGA Tour golf Guinness Premiership rugby union (from 2010) Boxing Why is Setanta in trouble The Premier League, in agreement with Setanta, stipulated that certain contractual requirements had to be met on or before Friday, 19 June, "to allow the preparations for the 2009/10 season to continue unaffected". The league added: "It is with considerable regret that we announce that Setanta has been unable to meet their obligations. As such the existing licence agreement between us has been terminated with immediate effect." The Premier League will now go ahead and auction the 46 UK live matches for the 2009/10 season. 'Issues' Late last week, Access Industries, controlled by the US investor Len Blavatnik, tabled a £20m bid for a 51% share in Setanta. It had been hoped Access could lead a consortium of investors to provide fresh funding for Setanta. However Access has now said it was unable to proceed with a deal with Setanta. It is understood that the deal faltered after it was revealed that Setanta owed a reported £50m to UK tax authorities. "Access believed that this proposal could potentially have secured the future of the broadcaster for its customers, employees and for football, provided certain conditions required to put the business on a long-term viable footing were met," it said. "Regrettably, despite intensive efforts on all sides over the past few days, and despite significant progress in a number of areas, there remain a number of issues which we have been unable to resolve within the time available. "We are disappointed not to have been able to make this deal happen. Access remains committed to sports programming and will continue to explore opportunities in this area." One of those which may be interest in acquiring Setanta's 46 games is Disney-owned sports channel ESPN. 'Bad news' ESPN would not comment directly on the new situation but said it continued "to be interested in rights where they are available and where they make business sense". Meanwhile James Pickles, editor of industry newsletter TV Sports Markets, said that until Thursday there were expectations that Setanta would pull though. "It's bad news for everyone - no one is a winner," he said, adding: "It's a disaster for rights holders." He said it was bad news for Sky because having a competitor such as Setanta was beneficial to it from an EU regulatory perspective, which prevents one broadcaster owning all Premier League rights. However Sky would be legally free to bid for one of Setanta's two packages of 23 games. Subscriber targets Last week Setanta reopened its website to new subscribers - having closed it for several days. Setanta is running at an estimated loss of £100m a year, after missing subscriber targets. The broadcaster has 1.2 million subscribers, 700,000 short of the 1.9million that industry experts believe they need to break even. Attention will now shift onto Setanta's other contracts - such as those with the FA for England and FA Cup matches, the Scottish Premier League, and the Blue Square conference. The company also owns rights to the PGA golf tour, as well as cricket and rugby union deals. http://news.bbc.co.uk/1/hi/business/8109954.stm Link to post Share on other sites More sharing options...
Boab 73 Posted June 19, 2009 Share Posted June 19, 2009 . Link to post Share on other sites More sharing options...
J-Maestro 11,177 Posted June 19, 2009 Share Posted June 19, 2009 As long as I get to see UFC 100 I don't mind what happens. Link to post Share on other sites More sharing options...
Dado-9 0 Posted June 19, 2009 Share Posted June 19, 2009 Looks as if there time's up. Link to post Share on other sites More sharing options...
nemisis 358 Posted June 19, 2009 Share Posted June 19, 2009 As long as I get to see UFC 100 I don't mind what happens. So Rangers don't even matter to you as long as you get to see ufc Link to post Share on other sites More sharing options...
Boab 73 Posted June 20, 2009 Share Posted June 20, 2009 The SPL remained defiantly optimistic last night that the collapse of a last-gasp rescue package for Setanta may not prove catastrophic for them in the long term. US tycoon Len Blavatnik's decision to pull out of a deal to pay £20m to acquire 51% of the company led to the Irish broadcaster defaulting on a £30m payment to the Barclays Premier League, who then terminated their contract for 46 live matches next season with immediate effect. But while Setanta's 450 staff were left bracing themselves for administration - possibly as early as Monday - and there was still no sign of the SPL's outstanding money, details were emerging of two rival offers from ESPN and Sky, guaranteeing 90% and 60%-70% respectively of the deal agreed with Setanta. A £125m contract over four years was due to begin with the broadcaster at the start of 2010. advertisement The Barclays Premier League will now auction off those 46 games, with Sky favourites to win half of them and ESPN the other 23 when the bidding closes on Monday, and the SPL may have to do the same. No terrestrial broadcaster is thought to be in the running. The SPL insisted last night they were still locked in talks with Setanta, and the broadcaster insisted its channels remain on air, but unless a new investor can be found in the next few days, the company's future looks bleak indeed. "We are still in discussions with Setanta," said Lex Gold, executive chairman of the SPL. "Understandably, these discussions are complex and must remain confidential at this stage. We expect these to conclude early next week." A statement from the Barclays Premier League read: "The Premier League has been working with Setanta for some time to help them continue as the broadcaster of 46 UK live matches for the 2009/10 season. The Premier League, in agreement with Setanta, stipulated certain contractual requirements had to be met on or before Friday, June 19 to allow the preparations for the 2009/10 season to continue unaffected. "It is with considerable regret that we announce that Setanta has been unable to meet their obligations. As such, the existing licence agreement between us has been terminated with immediate effect." "The board of Setanta note the statement issued today by the Premier League and will consider their options over the weekend," a statement from the Irish broadcaster read last night. "In the meantime Setanta Sports channels remain on air." A spokesman for Blavatnik's Access Industries said: "Access believed that this proposal could potentially have secured the future of the broadcaster for its customers, employees and for football, provided certain conditions required to put the business on a long-term viable footing were met. Regrettably, despite intensive efforts on all sides over the past few days, and despite significant progress in a number of areas, there remain a number of issues which we have been unable to resolve within the time available." http://www.theherald.co.uk/sport/headlines..._espn_offer.php Link to post Share on other sites More sharing options...
GeneralCartmanLee 313 Posted June 20, 2009 Author Share Posted June 20, 2009 Setanta are finished, they ahve a £50 million vat bill to pay and no funds to pay it with, that is why no one will invest or buy them. They will now be getting mass cancellations due to the lack of premiership football. details were emerging of two rival offers from ESPN and Sky, guaranteeing 90% and 60%-70% respectively of the deal agreed with Setanta. A £125m contract over four years was due to begin with the broadcaster at the start of 2010. For the paper to be this precise i presume the SPL have let them knwo they have deals on the table. Don't make the same mistake twice short sighted SPL chairmen, take skys money not espn's, go with the proven experienced football broadcaster who will attempt to properly sell Scottish football Link to post Share on other sites More sharing options...
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