Setanta Sports finalising Australia division sale

Setanta Sports is in the final stages of selling its Australian broadcasting division to an international conglomerate owned by an affiliate of Middle East media giant, Al Jazeera.

In a short statement, yesterday, Danu Investment Partners — which comprises Setanta’s main shareholders, Leonard Ryan, Michael O’Rourke and Mark O’Meara — said that beIN Media Group is close to completing the takeover of Setanta Sports Australia, for an undisclosed sum.

beIN is a global media conglomerate operating premium sports networks across the Middle East, northern Africa, France, North America.