with their respective clubs. Financial difficulties and closure Reports on 7 June 2009 suggested that Setanta could be forced into administration that week, after failing to make payments due on TV rights. Because of late payment and renegotiation over fees by Setanta to football clubs, several British football clubs were put into financial difficulties as money promised had been spent in annual budgets. On 4 June 2009, the Scottish Premier League announced they would be paying the sums that some of the clubs were owed to avoid causing them financial problems. On 19 June 2009, Setanta Sports failed to pay the latest instalment of £30 million (€35 million) it owed the English Premier League. The Premier League had to sell the rights to the 46 live matches Setanta had for the 2009/10 season. A Premier League spokesman said, "It is with considerable regret that we announce that Setanta has been unable to meet their obligations. As such the existing licence agreement between us has been terminated with immediate effect." On 21 June 2009, BT Vision stopped selling Setanta Sports channels to customers. On 22 June 2009, it was reported by RTÉ News that the original Setanta Sports channel, Setanta Ireland, might be bought out by an existing consortium who already hold interests in Setanta Sport Holdings Ltd., the Irish arm of Setanta Sports. Setanta Sports Ireland and Setanta Sports North America were the only brands which made a profit in 2008. The same day, Setanta lost all their SPL TV rights because they were unable to pay the £3m (€3.5m) owed to the league. Following this, it was announced that ESPN had bought the rights to show the 46 Premier League games bought by Setanta for the 2009/10 season. Setanta GB went into administration 23 June 2009, following failure to make payments to a number of sporting organisations. 430 jobs, 200 of which were in Ireland, were expected to be lost as a result of its going into administration. The administration was handled by Deloitte. At 18:00 that day, most of its channels ceased operations within Great Britain. According to the final report published by Setanta's administrator Deloitte, released in July 2010, the broadcaster had outstanding bank loans of £261m STG and unsecured debt of £288m STG. Deloitte said that unsecured lenders received just 2p for every pound that they have claimed back from the defunct operator. Arsenal TV continued