Advanced Television

Setanta raises football finances

November 27, 2007

Setanta Sports has raised an extra E130 million to finance its assault on BSkyB’s dominance of football coverage. The funding has come from a share issue to existing backers – including Doughty Hanson and Balderton Capital, the private equity firms, and Goldman Sachs – and will be used to bid for rights acquisitions such as next year’s deal to show England international and FA Cup games.

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