SEN Group loan extended and Chief Financial Officer departs

SEN boss Craig Hutchison’s long term chief financial officer has left to pursue a career opportunity with a global live entertainment company.

Sports Entertainment Group (SEG) announced Chris Tan’s departure to the Australian Stock Exchange.

Trent Bond will assume the role of Chief Financial Officer.

The Herald Sun (subscription required) reports that the Commonwealth Bank has agreed to extend its loan with the radio station group, though the figure has been reduced from $28.7 million to $20 million.

Hutchison’s company reportedly has a deadline of April 30 to find $7 million.

The article goes on to say that despite a $1.5 million loss in the six months to December 31, Hutchison remains upbeat about the group’s future.

“Our radio build is in essence complete and we’re focused on running our sports integrated media company.”