It would appear that reports of Setanta's death may have been greatly exaggerated, after the news that Top Up TV investor (and US billionaire) Leonard Blavatnik has offered the broadcaster £20million in exchange for a 51% stake in the business. The cash, which will only tide the company over, rather than provide long-term financial support, comes just in time for Setanta, which has been staring down the barrel of an administration gun* for most of this week, and stopped taking on new customers on Wednesday.
*apologies for the terrible metaphor.
