Lenders score own goal with collapse of sports broadcaster Arena

lenders score own goal with collapse of sports broadcaster arena

Sumary of Lenders score own goal with collapse of sports broadcaster Arena:

  • Some of Britain’s biggest lenders are facing sizeable losses from the sudden collapse of Arena Television, a provider of outside broadcast services at sporting events including the Wimbledon tennis championships.
  • Sky News has learnt that banks including Close Brothers, HSBC and Shawbrook had all taken on significant financial exposure to the company, which fell into insolvency proceedings earlier this month.
  • Arena, which was founded in 1988 by Richard Yeowart, held contracts this year to deploy its fleet of OB trucks at major events including the FA Cup Final, Euro 2020 and the Six Nations Championship.

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