Premier League scraps Setanta deal after missed payment

The Premier League has ripped up its contract for 2009-2010 with Setanta after the Irish broadcaster was unable to meet today's deadline for a payment of £10m.

The pay-TV channel could be set to go into administration following its failure to find a recovery package and pay for 46 live Premier League games next season.

According to a statement from the Premier League the games will now be sold in two separate packages of 23 matches. Sky can bid for half of the games, but under EU rules, the rights to the other 23 need to be sold to different broadcaster.

"The Premier League has been working with Setanta for some time to help them continue as the broadcaster of 46 UK live matches for the 2009/10 season," the Premier League's statement reads. "It is with considerable regret that we announce that Setanta has been unable to meet its obligations. As such the existing license agreement between us has been terminated with immediate effect."

The statement continues: "The Premier League will now go ahead and market the 46 UK live matches for the 2009/10 season. There will be no further comment until the conclusion of the sales process."

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