The Clydesdale Bank Premier League have confirmed they are "actively engaging in the process of selling their domestic broadcasting rights" after broadcasters Setanta failed to make their outstanding payment of Â£3million.
The move comes just three days after the English Premier League terminated their contract with the Irish broadcaster when they were unable to make a Â£30million payment.
SPL executive chairman Lex Gold said: "Setanta has been unable to meet our extended deadline for the outstanding Â£3 million payment to the SPL and, in terms of the notice previously issued, our British broadcasting rights for season 2009/10 and beyond revert to us."
He continued: "We are now actively engaging in the process of selling our domestic broadcasting rights for next season and beyond."
At a hastily arranged press conference at Hampden, SPL executive chairman Lex Gold said: "Setanta missed the deadline for the Â£3million that we set for them.
"We set three deadlines and we wanted to work with Setanta who have been a great partner of ours.
"They have spent Â£60million in supporting Scottish football and our board were determined to give them every possible chance to work through the problems that they had.
"That process has been lengthy and intensive but the deadline was the final deadline so our right reverted to us as of 3pm. So we are now in the market for selling those broadcasting rights for next season and beyond."
Gold continued: "We aim to do that as quickly as possible given that start football season starts on August 15. That needs to be carried through quickly.
"But I believe that, in sporting terms, we have the most valuable sporting product in Scotland and Scotland is important to broadcasters, so I remain pretty hopeful that we will deliver an early outcome."
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