News image
Page last updated at 08:59 GMT, Monday, 8 June 2009 09:59 UK

Setanta holds crunch SPL meeting

Player with Setanta sign
Setanta Sports may have broadcast its last live football

The board of football broadcaster Setanta is meeting a week after the company failed to pay the Scottish Premier League (SPL) £3m.

The SPL has found £3m to distribute to the 12 member clubs from its own funds to tide them over.

Setanta also has a much larger outstanding payment due to the Premier League in England - about £40m.

Unless backers agree to supply more cash, Setanta is thought certain to be forced to call in administrators.

The company was due to make the final payment of the season on Monday 1 June for its Scottish football match coverage.

Last week the SPL held two board meetings before deciding to find £3m themselves to support the 12 Scottish premier league clubs.

Unable to pay £3m in Scotland, Setanta face much bigger financial hurdles later this month, when a £40m payment to the Premier League falls due.

The broadcaster showed England's world cup qualifier on Saturday, but that may be the last time Setanta is involved.

A shared deal with ITV saw them secure rights for England and FA Cup matches for £425m.

Scottish options

One option for the SPL would be to terminate the contract with Setanta, but such a move would leave the SPL forced to find another broadcasting partner.

Their weakened position would mean a reduced financial deal.

Setanta first won the rights to broadcast live SPL matches in competition with previous rights holder BBC Scotland in 2004.

However, it is unlikely that a free-to-air terrestrial broadcaster could now come close to matching the kind of money offered by Setanta for live coverage of Scotland's top-flight.

BBC Scotland has been broadcasting SPL match highlights on television and the internet while looking to buy up rights to live matches involving Scottish clubs in European competitions.


Are you a Setanta subscriber? Send us your comments using the form below.

Name
Your E-mail address
Town & Country
Phone number (optional):
Comments

The BBC may edit your comments and not all emails will be published. Your comments may be published on any BBC media worldwide.




Print Sponsor


SEE ALSO
SPL pays up in lieu of TV money
05 Jun 09 |  Scotland
SPL faces D-Day for Setanta cash
04 Jun 09 |  Scottish Premier
Chairman warns over SPL TV deal
02 Jun 09 |  Scottish Premier
SPL TV contract deal not imminent
07 May 09 |  Scottish Premier
Setanta in talks on sport rights
04 May 09 |  Business
SPL clubs face reduced TV money
17 Apr 09 |  Scottish Premier
SFL chief is bullish about future
17 Apr 09 |  Scottish League

RELATED BBC LINKS

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites



FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

PRODUCTS & SERVICES

AmericasAfricaEuropeMiddle EastSouth AsiaAsia Pacific