MP and Silva, the company who brokered foreign deals for the Scottish Premiership, is heading for administration after a series of unpaid fees and massive mounting losses which has seen TV companies worldwide drop their coverage.

Now BeIn Sports in Australia – available on Foxtel and through online digital subscription – have axed their coverage of the competition.

The move means Celtic star Tom Rogic and his about-to-be-signed teenage team-mate Daniel Arzani will no longer be seen playing for their clubs in Australia outside of European competitions.

It will also affect Socceroos striker Jamie Maclaren who just signed a season-long loan deal to return to Celtic rivals, Hibs.

BeIn Sports pulled the plug on the Scottish Premiership as MP and Silva teeter on the brink of going bust, despite a $3.5m a year deal to sell foreign rights for the SPFL until 2023.

MP and Silva are said to have defaulted on payments to big leagues throughout Europe on other deals they had, including the EPL and Serie A which is said to be owed $60m

The Chinese-owned company is reported to be facing losses of more than $800 million and unlikely to survive much longer.

But as a result, the plug was pulled on global coverage of the Scottish Premiership at the last moment this weekend, blacking out screens in Australia, North Africa and the Middle East.

Steven Gerrard's first Premiership game as Rangers coach against Aberdeen was the first casualty of the blackout.

Australian fans also missed out on the chance to see Tom Rogic open the scoring for Celtic after just eight minutes against newly-promoted Livingston.

If MP and Silva do collapse because of the crippling losses, it could allow the Scottish Premiership to negotiate new deals with broadcasters.

But over the weekend, BeIn Sports removed all mention of the Premiership from their Australian website.

BeIn Sports anchor Richard Keays added: “I’m absolutely aghast by what is going on. It’s an absolute disgrace.

“For the first time in many years, Scottish football has something to go to the market with and now, just days before the start of the season, we are faced with a scenario such as this. It really is unforgiveable.

"It’s catastrophic for everybody. There has to be a solution or Scottish football will have missed an extraordinary opportunity to showcase the game to tens of millions. Somebody needs to sort this and double-quick.”