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Setanta facing end of the line

Updated on 10 June 2009

Source PA News

The fate of Setanta is being decided as time appears to have run out for the stricken broadcaster.

Another emergency board meeting to try to stave off administration was held on Tuesday night with directors considering a last-ditch rescue package.

But it also emerged on Tuesday that BSkyB has refused a £50 million lifeline to the Irish pay-TV broadcaster, which is in crisis with a payment of more than £30 million due to the Premier League this week and backers refusing to advance it any more money.

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