Setanta TV
Sports TV broadcaster Setanta faces administration if it can't find £30m to pay the English Premier League for the rights to show football matches

Sports TV broadcaster Setanta could be on the brink of collapse and face administration "within days", according to the BBC.

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.

More after the break

Accountancy firm Deloitte is set to step in and run the firm if it goes into administration.