Original: After Sky Sports withdrew their interest in the SPL when their offer for £45m to continue ownership of the live TV rights were declined by the SPL on the grounds of not being substantial enough, discussions began in 2002 for a new pay-per-view satellite television channel, dubbed "SPL TV".
Simplified: Sky Sports withdrew from the SPL when their offer for £45 million, to continue showing live games on TV, was declined by the SPL. Discussions began in 2002 for a new pay-per-view satellite television channel, called "SPL TV".