The Week: City News - Setanta secures £90m

Setanta Sports has raised £90 million by issuing shares to the private equity companies Doughty Hanson and Balderton Capital and the investment bank Goldman Sachs, after it acquired the rights to broadcast the England football team's away World Cup qualifiers.

Setanta has also issued shares to its senior executives, who now own more than 20 per cent of the company. The broadcaster plans to spend the money on buying the rights to England international and FA Cup games.