Unless backers can provide more money to pay the English Premier League £30m, it could be in trouble. Setanta has already failed to pay the Scottish Premier League £3m it owes in television rights money.
Setanta also shows cricket, golf and rugby union, and has about 1.2 million subscribers. But analysts claim it is losing up to £100m a year.
Earlier this year Setanta lost the rights to show 46 live Premier League matches from 2010/2011.
Accountancy firm Deloitte is set to step in and run the firm if it goes into administration.
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