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  • Expansion

IRELAND - Setanta to receive Doughty Hanson investment

  • sarah
  • 06 December 2006
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Market sources report that the Irish-headquartered broadcaster Setanta Sports which owns the rights to two of the six Premiership packages available is to receive an investment from Doughty Hanson alongside debt funding provided by Goldman Sachs. The rights to air 46 Premier League games cost Sentanta £392m with the first £60m instalment due in April. It is thought Doughty's cash injection will help to pay for this as well as other rights it has secured, such as those to the PGA golf tour.

In June of this year, Doughty Hanson acquired Ireland's TV3 channel and it is expected that the investment will lead to greater collaboration between the two parties. Benchmark Capital is a previous investor in Sentanta, which was founded in 1990.
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