Last Updated: Wed, 03 Jun 2009 15:11
Inverness chairman George Fraser claims the money owed to the club by Setanta is of no 'significant value' should they fail to pay.
The TV company are reportedly in crisis, with fears the £31million a year package could be scrapped by the cash-strapped Irish broadcaster, amid reports they failed to pay the £3million final installment of this season's deal.
Inverness are due to receive somewhere in the region of £50,000 from Setanta as part of the final payment, but Fraser claims it would not have a massive impact on the Highland club should Setanta fail to pay.
As Caley finished bottom on the SPL, they are entitled to the smallest share of the television money.
Speaking to the Press & Journal Fraser said: "We have received the majority of our monies for this season and the higher up the league you finish the more money you get.
"When you finish lower down the league, as we did, the last payment is not of any really significant value.
"We are not speaking about amounts which clubs in the middle of the table are due to receive and which they would be planning on.
"We are still owed money, but it will not have as big an effect on us as if we had finished higher in the table.
"We cannot pre-empt the situation and Setanta might come up with the money.
"It is important that we do not lose this money for Scottish football as a whole and we are we are hopeful we will get our share."
Have you an opinion on this story? Put your money where your mouth is and claim a free £25 bet.
