UK - Doughty-backed Setanta may go into administration

Talks to assess the viability of the company are ongoing this week. It is reported that administrators are likely to be appointed in the coming days unless backers decide to inject more capital to repay the £30m Setanta owes to the English Premier League.

The company's annual operating losses are estimated to be approximately £100m.

In 2006, Setanta bought the rights to show 46 live Premier League football matches per season, ending British Sky Broadcasting's monopoly on the televised games. But earlier this year, Sky secured the rights to more matches, meaning that Setanta will only be able to show 23 games per season, compared with Sky's 115. This could potentially lead to further losses of customers for the broadcaster.

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