TALKS between the Scottish Premier League and Setanta are ongoing as a question mark remains over the broadcaster’s ability to honour their television deal.
The board of the Irishbased company met yesterday and will continue to work on a rescue package, with the next couple of days expected to be crucial.
Fears were raised when Setanta failed to pay the final instalment of this season’s TV deal last week.
A payment of £3m was due last Monday but that money has still not been received by the SPL last night.
However, league bosses are keen to find a resolution rather than terminate the contract with Setanta and face the prospect of seeking a new broadcast partner.
The SPL have already dipped into their own coffers to distribute around £3m to their 12 member clubs in a bid to tide them over and ease the financial pressure.
Setanta have already asked to renegotiate their four-year deal with the SPL after losing one of their contracts with the Barclays Premier League.
The 12 SPL clubs came to an agreement in April following Setanta’s request to change the terms of the contract which was initially worth £125m. Estimates claimed up to £20m could be wiped off the value of that deal but the apparent inability to meet one of the demands of their £13.5m annual contract raises fears.
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