Sky refuses Setanta loan

SKY TELEVISION chiefs revealed last night they’ve refused a £50 million lifeline to stricken Irish broadcaster Setanta.

Sky’s chief executive Jeremy Darroch said they were “a broadcaster, not a bank” but insisted they had no wish to see Setanta go into administration.

Setanta had asked Sky for a £50m interest-free loan and in return offered access to the live rights to 46 Premier League games next season as an add-on option to Sky Sports.