Sports pay TV company, Setanta Sports has until 5pm today (Friday 19 June, 2009) to pay the English Football Association £30 million or they will lose their England’s World Cup qualifiers and next seasons 46 Premier League games.
Setanta has already missed a £3million payment to the Scottish Premier League as part of a £125million deal that runs until 2014, bringing fears that at least two SPL clubs may disappear due to monies owed.
Reports earlier this week suggested an American billionaire was preparing to stump up enough cash to keep the Irish company afloat, however that may now not be the case.
Setanta owe the FA £30m for broadcasting last seasons England internationals and Premier League matches and if they fail to cough up, next seasons TV rights will go out to auction.
The firm’s demise would put more than 1,100 jobs at risk.
Latest media reports suggest Setanta will miss the 5pm deadline.