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Message started by chub on Jun 19th, 2009, 9:14pm

Title: Setanta ready to fold?
Post by chub on Jun 19th, 2009, 9:14pm

Setanta is expected to fall into the hands of administrators after it was stripped of its right to broadcast Premier League games next season and its supposed Russian white knight abandoned plans for a multimillion-pound investment.

The English Premier League terminated its contract with Setanta with immediate effect after the Irish broadcaster failed to make a scheduled £10 million payment before tonight’s deadline.

“It is with considerable regret that we announce that Setanta has been unable to meet their obligations,” the Premier League said. “As such the existing licence agreement between us has been terminated with immediate effect.”

The Premier League will now market the 46 UK live matches for the 2009/10 season.

from The Times.

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