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From The TimesJune 11, 2009
Setanta switch-off may cost clubs £500m Dan Sabbagh and Oliver Kay
Executives of Setanta spent yesterday frantically trying to raise money to safeguard the future of the troubled broadcaster.
The Irish pay-television firm said that it was not in administration but that it had suspended all new customer subscriptions as it tried to organise a £100 million rescue package.
Setanta’s collapse would leave British sport needing to plug a £500 million-plus black hole, with football and rugby union clubs at risk of having their incomes cut.
http://www.timesonline.co.uk/tol/sport/football/premier_league/article6474430.ece?token=null&offset=0&page=1