Setanta enters administration
Setanta Sport went into administration this afternoon after the collapse of the business in Britain.
Deloitte have been appointed as administrators and the Irish broadcaster will soon cease to broadcast to the United Kingdom.
The development was expected after the Premier League pulled the plug on Setanta last week, and now the Football Association will have to find a new broadcast partner for FA Cup and England matches.
Neville Kahn, one of the joint administrators, 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."
Setanta have 1.2million subscribers and also had broadcast deals with the Scottish Premier League, the Blue Square Premiership, cricket's Indian Premier League and golf's PGA tour.
Kahn added: "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 these businesses on 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.
"We can confirm that no further monthly subscriptions or direct debits will be accepted from customers of the UK business."
Latest in Sport
Arsene Wenger 18th anniversary at Arsenal: His WORST signings XI during his time with the Gunners
18 things Wenger has still never done at Arsenal
Arsene Wenger's worst signings XI
Colombian women's cycling team kit that makes wearer appear naked is branded 'unacceptable' by UCI president
Nani: On loan Sporting Lisbon winger admits he may not return to Manchester United
- 1 Snoop Dogg and Jared Leto buy a stake in Reddit as A-list invests $50m
- 2 Prince held a Facebook Q&A and this is the only question he answered...
- 3 'F*ck it, I quit': KTVA reporter Charlo Greene quits live on air in spectacular fashion
- 4 35,000 walrus gather ashore on north-west Alaska beach 'for a rest'
- 5 A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
Exclusive: 'Putin's Russia has been my biggest regret,' says Nato's outgoing Secretary General
The Osborne Ultimatum: Chancellor’s benefits freeze bombshell will affect ten million households
There’s no excuse for Dave Lee Travis’s behaviour, but we need to keep a sense of proportion
Should gay sex be illegal? 16% of Britons think so
Mark Reckless becomes second Tory MP to defect to Ukip in a month
Benefits 'smart cards' plan revealed by Iain Duncan Smith to stop claimants spending welfare money on alcohol