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| Setanta payment deadline looming | Setanta payment deadline looming |
| (about 2 hours later) | |
| Setanta has until the end of Friday to pay the reported £30m it owes the English Premier League, or risk losing its games for next season. | Setanta has until the end of Friday to pay the reported £30m it owes the English Premier League, or risk losing its games for next season. |
| The League has threatened to sell the rights to the 46 live matches Setanta is supposed to be showing in the 2009/2010 season to the highest bidder. | |
| Setanta has been struggling to make its payments to the sporting bodies from which it buys television rights. | Setanta has been struggling to make its payments to the sporting bodies from which it buys television rights. |
| It is currently in talks about possible outside investment. | It is currently in talks about possible outside investment. |
| Earlier this week Setanta reopened its website to new subscribers - having closed it for several days. | Earlier this week Setanta reopened its website to new subscribers - having closed it for several days. |
| Late last week, Access Industries, controlled by the US investor Len Blavatnik, tabled a £20m bid for a 51% share in Setanta. | Late last week, Access Industries, controlled by the US investor Len Blavatnik, tabled a £20m bid for a 51% share in Setanta. |
| He and other investors have been carrying out intense "due diligence" - examination of Setanta's books - which should be complete later on Friday. | |
| There have also been reports that Dutch media firm Endemol and other investors are interested in taking a stake of up to 49% in the company. | |
| Deloitte has been lined up as administrator if Setanta's efforts fail. | Deloitte has been lined up as administrator if Setanta's efforts fail. |
| The Premier League has invited bids for the 46 live matches with Setanta's agreement, in case it misses the deadline. | |
| The Irish broadcaster's predicament is also affecting the Scottish Premier League after it defaulted on a payment of £3m for part of last season's coverage fees. | The Irish broadcaster's predicament is also affecting the Scottish Premier League after it defaulted on a payment of £3m for part of last season's coverage fees. |
| Missing subscriber targets has left Setanta running at a loss of about £100m a year, analysts estimate. | Missing subscriber targets has left Setanta running at a loss of about £100m a year, analysts estimate. |