Irish broadcaster Setanta has reportedly gone into administration after failing to make payments owed to some sporting organisations.
But, according to BBC Online, Setanta would only cease broadcasting in Great Britain. Its network would still continue to screen in Ireland and internationally.
About 200 employees in the UK would be made redundant, from a total workforce of 420 employees.
Setanta’s rights to broadcast 46 live Premier League matches int he 2009-10 season have been bought by the sports broadcaster ESPN.
Setanta’s chairman Sir Robin Miller said: “This is a sad day for all concerned. Unfortunately, in a difficult and highly competitive market, and despite strenuous efforts by the board and management, it has not been possible to find sufficient additional funds in the time available to ensure its survival.”