The Irish broadcaster Setanta Sports has gone into administration after failing to make a number of payments to sporting organisations.
The administrator Deloitte said that it would shortly cease broadcasting to customers in Great Britain but would continue to operate elsewhere.
They said they would immediately stop collecting subscription payments.
About 200 employees involved with the British operations will be made redundant, the firm said.
Setanta had a total of 420 employees in the UK and Ireland.
"This is a sad day for all concerned," said Sir Robin Miller, chairman of Setanta.
"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."
Setanta will continue to broadcast in Ireland.
Setanta International and Setanta Ireland have not entered administration.
Setanta Sports missed payments to both the English Premier League and the Scottish Premier League (SPL) in recent weeks, resulting in both organisations taking their respective broadcasting rights back.
On Monday, the US sports network ESPN bought the rights to show the 46 English Premier League games Setanta was due to show next season, as well as the 23 matches it was to broadcast in each of the following three seasons.
The SPL has said it is also looking for a new buyer for its domestic broadcasting rights.
Source BBCSport