You will be redirected back to your article in seconds

Pair reschedule pricey soccer deals

ITV, Setanta renegotiate terms of contracts

LONDON — Commercial broadcaster ITV and Irish-based sports channel operator Setanta are attempting to renegotiate the terms of sports contracts worth £425 million ($597 million).

Both cash-strapped companies are seeking to reschedule payments for soccer contracts owed to the Football Assn., according to local media reports.

It is understood that Setanta, which recently was outbid for a package of English Premier League soccer rights by rival pay box BSkyB, delayed making a scheduled payment due yesterday of more than $14 million on a $211 million contract.

ITV, which is expected to announce a “savage” program of economies on Wednesday, is believed to want to reschedule payments on a deal worth $386 million.

ITV’s deal with the FA was hailed as a defining moment in the web’s “turnaround plan” when it was signed in 2007.

But its coverage of FA Cup games has attracted criticism and topper Michael Grade was recently forced to apologize after auds missed a crucial goal when ITV switched to a commercial break during a match.

In the U.K., questions are being asked about the longterm viability of Setanta, which built its business by providing sports coverage to ex-pats in the U.K. and in the U.S.

Setanta has reportedly said it would continue to meet its commitments to the FA, while ITV has made all its payments to date.

More TV

  • Tig Notaro Writers Room

    Tig Notaro on Louis C.K. Scandal: Only Positive Is 'Victims Were Not Told They're Lying Anymore'

    LONDON — Commercial broadcaster ITV and Irish-based sports channel operator Setanta are attempting to renegotiate the terms of sports contracts worth £425 million ($597 million). Both cash-strapped companies are seeking to reschedule payments for soccer contracts owed to the Football Assn., according to local media reports. It is understood that Setanta, which recently was outbid […]

  • The L Word

    'The L Word' Sequel Series Taps Marja-Lewis Ryan as Showrunner

    LONDON — Commercial broadcaster ITV and Irish-based sports channel operator Setanta are attempting to renegotiate the terms of sports contracts worth £425 million ($597 million). Both cash-strapped companies are seeking to reschedule payments for soccer contracts owed to the Football Assn., according to local media reports. It is understood that Setanta, which recently was outbid […]

  • Marvel's Runaways

    Our Staff Picks: TV Shows to Watch the Week of Nov. 20, 2017

    LONDON — Commercial broadcaster ITV and Irish-based sports channel operator Setanta are attempting to renegotiate the terms of sports contracts worth £425 million ($597 million). Both cash-strapped companies are seeking to reschedule payments for soccer contracts owed to the Football Assn., according to local media reports. It is understood that Setanta, which recently was outbid […]

  • Della Reese dead

    Della Reese, 'Touched by an Angel' Star and R&B Singer, Dies at 86

    LONDON — Commercial broadcaster ITV and Irish-based sports channel operator Setanta are attempting to renegotiate the terms of sports contracts worth £425 million ($597 million). Both cash-strapped companies are seeking to reschedule payments for soccer contracts owed to the Football Assn., according to local media reports. It is understood that Setanta, which recently was outbid […]

  • Adolfo Lagos Televisa Executive Murdered

    Televisa Executive Adolfo Lagos Killed Near Mexico City

    LONDON — Commercial broadcaster ITV and Irish-based sports channel operator Setanta are attempting to renegotiate the terms of sports contracts worth £425 million ($597 million). Both cash-strapped companies are seeking to reschedule payments for soccer contracts owed to the Football Assn., according to local media reports. It is understood that Setanta, which recently was outbid […]

  • CBS Warns of Blackout for Dish

    CBS Warns of Blackout for Dish Subscribers

    LONDON — Commercial broadcaster ITV and Irish-based sports channel operator Setanta are attempting to renegotiate the terms of sports contracts worth £425 million ($597 million). Both cash-strapped companies are seeking to reschedule payments for soccer contracts owed to the Football Assn., according to local media reports. It is understood that Setanta, which recently was outbid […]

  • Kelly Wright

    Opponents of Fox-Sky Deal Speak Out at Houses of Parliament

    LONDON — Commercial broadcaster ITV and Irish-based sports channel operator Setanta are attempting to renegotiate the terms of sports contracts worth £425 million ($597 million). Both cash-strapped companies are seeking to reschedule payments for soccer contracts owed to the Football Assn., according to local media reports. It is understood that Setanta, which recently was outbid […]

More From Our Brands

Access exclusive content