International I Hate Sports Club

Lewis wrote:Some good news: http://news.bbc.co.uk/1/hi/business/8109954.stm

One less sports channel polluting our television.

Setanta goes off air in Great Britain

Setanta's channels have gone off the air in Great Britain after the Irish sports broadcaster's British operations were put in the hands of administrators Deloitte.

Deloitte was appointed by Setanta at 2:30pm today after last-ditch efforts to secure a rescue package failed.

200 jobs have been lost with immediate effect as a result of the collapse.

"This is a sad day for all concerned," said Setanta chairman Sir Robin Miller. "Since its inspired inception a number of years ago, Setanta and its financial backers, have invested hundreds of millions of pounds buying UK and international sports rights. With the hard work and dedication of its staff, a pay TV broadcaster was created which entertained people in three million homes with top-class sport.

"Unfortunately, in a difficult and highly competitive market, and despite strenuous efforts by the board and management, it has not been possible to find sufficient additional funds in the time available to ensure its survival."

Neville Kahn, Lee Manning and Nick Edwards of Deloitte have been appointed joint administrators to Setanta Sport Ltd and Setanta Transmissions (UK) Ltd. It is understood that Setanta Ireland and Setanta's other international operations, including those in the United States, are not affected by these appointments and will continue broadcasting.

In a statement, Neville Kahn said: "After a huge effort by the Setanta board, management team and its backers, it has not been possible to save the GB business, which will be wound down in due course. This decision means that it will shortly cease broadcasting to its customers in Great Britain.

"However, the international and Ireland businesses continue to trade on air whilst we are in discussions with parties to take on those businesses as going concerns.

"Regrettably, approximately 200 employees will be made redundant in respect of the GB business. Setanta has today suspended the collection of subscription payments from customers in Great Britain.

"Setanta customers should go to http://www.setanta.com for further information. We can confirm that no further monthly subscriptions or direct debits will be accepted from customers of the UK business."

abitagirl wrote:Not to mention sports channels probably help to keep some sporting events off the non-sports channels (although not nearly enough).

Lewis wrote:
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Earl wrote:

Lewis wrote:
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Hey, that's really funny, Lewis! Quite expressive! Thanks, I needed a good laugh. I must say you have a talent for graphics, as well as a great sense of humor.