Old Firm consider bid for SPL broadcasting rights
Ibrox chief executive Martin Bain confirmed that discussions with Celtic had taken place about buying the rights, which they consider to be worth more than £25million over two years, after the collapse of the Irish broadcaster Setanta.
Bain said: "I can confirm that the Old Firm have had talks regarding the current broadcasting arrangements. We are deeply disappointed at the proposals on the table and are exploring other avenues. At this stage I don't want to comment further."
By combining in this manner the two Scottish giants could launch their domestic TV football channel.
But a spokesman for the SPL told Press Association Sport: "We have not received a proposal from the Old Firm in relation to our TV rights.
"Until we do so we are not in a position to comment on it."