SPL bosses have lodged a £140million compensation claim with Setanta's administrators, reports the Daily Mail. The SPL missed out on a four-year deal with the Irish-based subscription channel that was due to be worth £125m from 2010 to 2014 following the company's summer collapse.
But Setanta still has subsidiary companies in operation, with only the British-based operation having shut.
With around £15m having also been due from Setanta for the current season, the SPL are duty-bound to try to recover what they can from administrators Deloitte on behalf of the 12 clubs.
Deloitte have already warned the SPL not to expect a big windfall.
Spokesman Jamie Harley told Sportsmail: "We can confirm that Setanta Sports has significant claims from unsecured creditors, including some rights holders.
"A creditors meeting has been held where all the proposals of the administrators were passed. It is likely that a dividend will be creditors of the company in due course, but it currently seems unlikely that the dividend will be more than a few pence in the pound."
An SPL spokesman said of the move: "We have been in correspondence with Deloitte, the administrators appointed for Setanta. We're talking with them and now have status as one of a number of confirmed creditors.
"It is an issue we feel we are due to pursue on behalf of our member clubs, but it remains to be seen how it will be resolved."