Outlook looks bleak for Setanta

SETANTA Sports, the Irish-founded sports broad-caster, could go into administration within the next couple of days.

The company’s board held a crisis meeting yesterday to decide on its immediate steps after attempts to raise funds to meet payments to both the English and Scottish premier leagues failed.

While weekend reports suggesting the company could cease broadcasting within days seem wide of the mark, such an outcome is a real possibility down the line. In the meantime, however, accountancy giant Deloitte is expected to be named as administrator to the firm this week.