Administration threat averted at Setanta

THE threat of administration at Setanta Sports looks to have been averted after an emergency two-hour board meeting last night.

Earlier, it had looked like the Irish and international divisions of the broadcaster were close to being sold off as separate companies, with its main British broadcasting business heading towards administration.

Last night, a spokesperson for Setanta said that: “The company is looking at a number of live options. There were no live options earlier yesterday.”