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Setanta ready to fold? (Read 1599 times)
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Setanta ready to fold?
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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