Celtic chief rues SPL-Setanta deal
Friday, June 19 2009, 10:00 BST
By Andrew Laughlin
Celtic FC chief executive Peter Lawwell has revealed his regret about last year's television deal between SPL clubs and troubled broadcaster Setanta.
It faces another key day today when £10 million must be paid to clubs in the English Premier League otherwise its broadcasting right to future games will revert back to the league, reports the Guardian.
If Setanta was to collapse, it is estimated that Premier League clubs could lose over £30 million. The risk, however, is being more acutely felt in the SPL, which relies completely on the firm for its television income.
Last year, Lawwell joined Aberdeen managing director Duncan Fraser and Rangers boss Martin Bain in favouring the deal on the table from Sky.
"No disrespect to Setanta, but we felt the covenant of Sky and the exposure and profile it would bring for the same financial package was what the SPL should be looking for," he told The Scotsman.
"But we respected the vote and went with it and where we are now is alarming. We hope a new potential owner comes in and everything is settled before the first game of the season. But there is a vulnerability there."