Advertisement- Wolves sign Serbia midfielder
- All Whites refocusing after being mauled by Spain
- Torres leads Spain's surge against All Whites
- Iraq deny hosts in Confederations Cup opener
- Te Puke pounded by Claudeland Rovers
- Chatham defenders go down in penalty shootout
- Blatter calls on rest of world to trust Africa
- Brazil taking Confederations Cup seriously
- Fabianski signs new contract with Arsenal
- Real Madrid spending raises eyebrows
- Blatter says Ronaldo transfer good for the game
- Spanish inquisition next task for All Whites
- United accepts world-record Madrid bid for Ronaldo
- Galacticos II at Madrid if Ronaldo joins Kaka
- England closer to WCup, Beckham, Rooney to records
Setanta given Premier League payment deadline
16 June 2009 07:29amThe Premier League said sports pay TV channel Setanta has until Friday to pay more than Stg30 million (NZ$77.4 million) it owes to retain its broadcast rights.
An invitation has been issued for competing bids for the broadcaster's package of 46 live matches in the upcoming season and will sell them to the highest bidder if Setanta fails to make the payment by the deadline, the Premier League announced Monday.
"The Premier League has been working over the past weeks with Setanta to ascertain whether they are in a position to continue as the broadcaster of 46 UK live matches for the 2009-10 season," the league said in a statement. "Although the Premier League would like to provide Setanta with as much time as possible to re-arrange its finances, the start of the 2009-10 season is only two months away, with the release of fixtures imminent.
"Accordingly, the Premier League has notified Setanta that if necessary the existing license agreement between us will be terminated, coming into effect if Setanta does not meet certain contractual requirements."
Last week, New York-based Access Industries said that it was bidding for control of Setanta after submitting a proposal to refinance the company.
Access Industries, a privately held company founded in 1986 by Len Blavatnik, has a diverse portfolio of investments in industry, real estate, media and telecommunications.
