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.