New hope for Setanta

US-based tycoon Len Blavatnik is working on a £20m (€23.45m) 11th-hour rescue deal for pay-television firm Setanta, it was reported today.

Fri, 12 Jun, 2009 - 16:04

US-based tycoon Len Blavatnik is working on a £20m (€23.45m) 11th-hour rescue deal for pay-television firm Setanta, it was reported today.

Mr Blavatnik is offering to buy 51% of Setanta in a move that could help secure the future of the cash-strapped Irish firm as it seeks to stave off administration, according to reports.

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CourtsSoccerPremiershipPlace: USPlace: EnglandPerson: Len BlavatnikPerson: BlavatnikEvent: FA CupEvent: World CupEvent: Premier LeagueEvent: Scottish Premier LeagueOrganisation: SetantaOrganisation: Access IndustriesOrganisation: DeloitteOrganisation: BSkyBOrganisation: Doughty HansonOrganisation: Balderton CapitalOrganisation: Goldman SachsOrganisation: ESPNOrganisation: ITV
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