Further to the post on the 4th May the Premier League has rejected attempts to reschedule payment on its current £392 million three-year deal with Setanta, according to the Telegraph.

The news comes after Setanta failed to retain its Premier League packages for 2010-2013, and with fewer matches to attract customers, investors are reportedly growing concerned with the company’s future.

After it failed to make a £10 million payment to the FA in March, a major restructuring has got underway, with former Emap publishing house executive Sir Robin Millar and former Sky executive Gary Mcllraith drafted in.

Setanta also has a £150 million four-year deal with England internationals and the FA Cup, and is looking into a deal with the Scottish Premier League.

Source: The Telegraph