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Wed 03 Mar 2009Setanta may have missed €10m payment to FA
DUBLIN-BASED pay TV broadcaster Setanta Sports is believed to have missed a £10 million instalment payment to the Football Association in England, potentially jeopardising its rights to live FA Cup and England internationals and raising concerns about its future viability.
It is understood that Setanta, which is carrying large debts, is seeking to renegotiate its four-year £150 million (€167 million) contract with the FA as a result of the economic downturn and its recent loss of lucrative Premier League rights, which is forcing management to restructure the business.
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