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SelecTV in $26m debt

A creditors meeting fo Pay TV operator SelecTV has revealed the company has $26m of debt.

A creditors meeting for Pay TV operator SelecTV yesterday has revealed the company has $26m of debt, The Daily Telegraph reports.

The satellite broadcaster, which entered voluntary administation last month, owes $12 million to the WIN Corporation.

It has just $1.5 million in assets.

CEO Andrew Gordon, the son of WIN Corporation owner Bruce Gordon, did not attend the meeting, instead being represented by WIN chief financial officer Daniel Collis.

Source: Daily Telegraph

7 Responses

  1. They certainly did provide competition. They were cheap, they provided the channels that I wanted, and I did not have to subsidise ridiculously expensive Australian sport channels that I didn’t want.

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