UK broadcasters Setanta and ITV are both looking to renegotiate their television broadcast contracts with the English Football Association.
According to the Daily Telegraph, it is understood that pay-television broadcaster Setanta delayed making a scheduled payment of more than £10 million on their £150 million contract. ITV are looking to reschedule payments on their £275 million deal but has met all scheduled installments so far. The FA's £425 million four-year deal with the broadcasters began this season covering England home internationals and the FA Cup.
Both broadcasters are addressing separate financial issues. Setanta’s management has instituted a major review of the business, prompted last month by losing one of the two packages of Premier League rights they owned. ITV is currently addressing a short-term cash-flow problem.
Under the terms of Setanta's deal, the broadcaster is understood to have more time to pay before they are in breach of contract.
