Sky won't bail out if the newco are told to GTF.
Re-negotiated reduced terms, yes, but they will not bin the deal altogether.
My guess would be that St Mirren would lose something in the region of £200K p/a if the newco are hunted - nothing even resembling £500K as the 10000Hours people are apparently claiming - I'm not impressed with this intervention on their part.
I spoke with Stewart Gilmour within a fortnight of the original publication of the SPL's proposed financial fair play rules. It seemed to me that his stance was largely based on the having access to the detail of Sky's position. On the basis that Sky are most likely to stick around, I believe SG will vote to deny the newco direct entry to the SPL. If he doesn't, I'll be disgusted, frankly, and as I told him at the time, I will not be back at St Mirren Park.
With Aberdeen seemingly showing their cards, I now believe the others should take courage from this and follow suit. If they don't, our game is all but dead. This would be the legacy of Ranger's cheating, but culpability would be shared with others beyond the gates of Ibrox.