Irish broadcaster TV3 is planning to invest €100 million (£67 million) in sports broadcaster Setanta, according to the Sunday Times.

The move is part of a wider plan from new owners Doughty Hanson - a Brit-based private equity firm - to expand TV3's media assets.

Setanta is in the process of finding €320 million (£215 million) to fund its successful English Premiership rights bid and launch a new golfing channel.

Some sharing of TV sports rights is also expected to be included as part of the TV3 deal.