With Setanta UK gone, Setanta Ireland survives and according to the Irish Times will be carried on the Sky TV network in Ireland for around another week.
It seems that Sky TV has decided to keep the satellite sports channel on air for the time being, so that the channel’s founders, Leonard Ryan and Michael O’Rourke, can continue talks with Denis Desmond and others with regards to sorting out a rescue plan.
The carriage with Sky TV ended at the end of June, but they have another seven days to sort something before the new deadline of Monday.
It is estimated that Setanta currently owes Sky TV around £5 million, so it is in the broadcaster’s own interest to help the sports channel out, otherwise the chances of getting that cash are going to be very limited.
There is speculation that Sky may not hold Setanta to immediate payment in full, as instalments may help Setanta get through this current crisis.