Setanta Rescued

Troubled broadcaster, Setenta Sports has started accepting subscribers to its service again (as has BT) after agreeing a rescue package with American businessman Len Blavatnik.

Blavatnik has agreed to pay £20 million to fill the funding gap that Setanta currently has, this is in exchange for a 51% share in the company.

While the deal has yet to be finalised, the company has started to accept new subscriptions which indicates that it feels that it is out of trouble now.