Setanta chiefs net millions in US sale

THE two founders of the broadcaster Setanta Sports have netted millions from the sale of a stake in the company to an American investment firm.

Setanta chiefs net millions in US sale

The Irish Examiner has learned that America Insurance Group (AIG) has bought a minority stake in the sports channel.

The company would not disclose how much the company’s founders Michael O’Rourke and Leonard Ryan will earn from the sale, but given the size of Setanta, the figure could be in excess of €10 million.

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