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Setanta on brink

June 8, 2009

The board of UK and Ireland football broadcaster Setanta is meeting this week to assess whether it has any options other than placing the business in administration. Last week the company failed to pay the Scottish Premier League £3m (E3.4m). The SPL has had to find £3m from its own funds to distribute to the 12 member clubs to tide them over.

Setanta also has a much larger outstanding payment due to the Premier League in England – about £40m due this month. Unless backers agree to supply more cash, Setanta is thought certain to be forced to call in administrators. Setanta first won the rights to broadcast live SPL matches in competition with previous rights holder BBC Scotland in 2004.

Setanta also has a shared deal with ITV for FA Cup and England matches and one package of live Premiership matches.


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