BBC NEWS | Scotland | SPL pays up in lieu of TV money
The Scottish Premier League is to pay £3m to 12 member clubs from its own funds to tide them over in lieu of money owed by broadcaster Setanta.
Cash-strapped Setanta was due to make the final payment of the season on Monday for its football match coverage.
But, after a second board meeting in three days, the SPL has decided to dip into its own coffers to prevent any clubs facing financial difficulties.
Meanwhile, negotiations between the SPL and Setanta will continue this weekend.
The broadcaster, which last year agreed to pay £125m over four seasons for extending its exclusive live coverage from 2010, has been attempting to renegotiate a number of its contracts because of cash-flow problems.
Not great news.
The Scottish Premier League is to pay £3m to 12 member clubs from its own funds to tide them over in lieu of money owed by broadcaster Setanta.
Cash-strapped Setanta was due to make the final payment of the season on Monday for its football match coverage.
But, after a second board meeting in three days, the SPL has decided to dip into its own coffers to prevent any clubs facing financial difficulties.
Meanwhile, negotiations between the SPL and Setanta will continue this weekend.
The broadcaster, which last year agreed to pay £125m over four seasons for extending its exclusive live coverage from 2010, has been attempting to renegotiate a number of its contracts because of cash-flow problems.
Not great news.