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Leading horse racing television channel Racing UK (RUK) today announced it will become a stand-alone channel again following the demise of Setanta.
RUK aims to continue broadcasting on Sky channel 432 but will move to a new EPG number if necessary. The price point will revert to its 2004 launch price of £20 a month but this will include the £9.99 monthly subscription to Racing UK's on-line services for free. Subscribers will also continue to benefit from £600 worth of free race day tickets per year and members' club packs.
Racing UK Chairman Will Wyatt said: "We enjoyed a good relationship with Setanta sinceAugust 2006, and the current situation at Setanta is very unfortunate. Racing UK flourished as a stand-alone channel before Setanta, and now we have a stronger financial base and an even better relationship with our customers. Racing UK is sound, safe and assured of its future."
Racing UK will be in contact shortly with its 55,000 residential subscribers on how to re-subscribe directly. There will be no joining fee and the channel will be free to air (for all existing subscribers) while this happens.
All current broadband subscriptions and the 2,350 pubs which subscribe to Racing UK will be unaffected. The channel is in discussions with Virgin Media to continue supplying cable customers.
Monthly subscribers should not lose out through the closure/administration of Setanta and annual subscribers will get the channel free until their next annual renewal date.
The UK operations of Setanta Sports have been placed into administration. Financial firm Deloitte Touche Tohmatsu confirmed the division would be liquidated.

The sports broadcaster, which employs 420 people in Ireland and the UK, entered administration after plans to raise fresh capital through the Russian-American businessman Leonard Blavatnik failed.

With effect from today, the company is to cease accepting payments from television customers who had subscribed to its broadcasting services, and 200 employees in the United Kingdom are to be made redundant. Administrators will attempt to find a buyer for the Irish and international arms of the company.

The administrators at Deloitte are Neville Kahn, Lee Manning, and Nick Edwards. The specific companies in administration are Setanta Sport Ltd and Setanta Transmissions (UK) Ltd. Setanta Ireland is not under administration.

Setanta's UK sports channels, Setanta Sports 1 & 2, have ceased transmission in the UK, but are continuing transmission in Ireland. Other UK channels that have gone off-air include Setanta Golf and Setanta Sports News.  

Racing UK, which was bundled by satellite and cable television operators with Setanta channels, is not owned by Setanta and will continue transmission. Customers who subscribed to the channel via Setanta will be offered the option of subscribing to the channel directly.

64 of the people facing redundancy work for ITN, which had contracted with Setanta to produce Setanta Sports News. 

The rights that Setanta had to broadcast football matches to subscribers are to revert to their rights holders. The rights to broadcast 46 Premier League football matches for the next football season, and 23 matches for the three following seasons, have already reverted, and were sold to United States broadcaster ESPN for £260 million yesterday.

Because of UK and European Union monopoly and competition laws, broadcaster British Sky Broadcasting is not permitted to bid for the broadcasting rights that Setanta had.