I imagine this 'panel' was a bunch of stuffed shirts at the FA who made the decision before the Dippers -Chelsea game.
Stuffed shirt 1 - "OK chaps - only item on the agenda is the Manager of the Year. It's got to be our man at Anfield. Kept those bloody new monied bastards at bay! All agreed. Good, pass me the port"
New stuffed shirt - " but Sir, what if that Chilean fellow at" whispers it "'Manchester City' wins the league as well as a cup in his first season. Won't we look jolly silly?"
Stuffed shirt 1 - " you're new here aren't you? Even the Turf Accountants have Liverpool at 1/6 on to win and them chaps don't get it wrong that often. Pass me the port."
New Stuffed shirt - " they did two years ago Sir. Remember that foreign chap Mancini?
Stuffed shirt 1 - " yes, and we didn't give it him and no fuss was made. Anyway it will never happen again. Pass me the Port.
New stuffed shirt - " maybe we should have a contingency plan, just in case?"
Stuffed shirt 1 - " No. We've been here for 20 minutes now which means that it is time to fill in our expense forms and retire to the smoking room. It has been a fantastic year and with the help of our allies at EUFA we are repelling these new monied bastards. End of meeting. Pass me the Port"