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...."Setanta, the Irish satellite station, was attempting to secure an emergency cash injection to prevent it defaulting on payments it owes to the SPL, the English Premier League, the English Football Association and other sporting organisations.
The broadcaster, which has 1.2 million subscribers but needs an estimated 1.9 million to break even, has already stopped accepting any new customers and many analysts believe it will only be a matter of days before it goes out of business."...
http://www.smh.com.au/news/sport/foo...664776847.html
Wonder what it means for Premier Rugby...?