Simplify the following text for a Grade 4 native English-speaking person.
Original: Two days later , it was reported on RTE News that the original Setanta Sports channel Setanta Ireland might be bought out by an existing consortium who already hold interests in Setanta Sport Holdings Ltd the Irish arm of Setanta Sports . Setanta Sports Ireland and Setanta Sports North America were the only brands which made a profit in 2008 .
Simplified: Setanta Sports was formed in 1990 .