The quoted figure was £40m for the PL around 3 months ago.In the scheme of things, £10 million per club over a three year period isn’t an eye-watering sum.
Plus it sounds like a fabricated number to me. Be surprised it’s more than half that, which makes it about the same as the Mancini payment p.a. for each PL club.
Wonder what Pannick has billed on this job. Got to be north of a couple million quid for what will amount to about six months work in total I’d guess. Would love to see his fee note for this job.
The sols will have had to put a lot of hours in, given the amount of material being in circulation, both ways. So those billable hours won’t have come cheap.
But I’d be utterly amazed if the legal bill is even close to £200 million. In the realm of commercial disputes this one isn’t especially complex and nor did it involve any novel points of law that require forensic exploration. It’s pretty much a fact based exercise as far as I can see. It also hasn’t involved a series of appeals to higher tribunals either, unlike most litigation of repute.
So I call bullshit on that figure.
I’d guess City’s would be similar. Maybe a bit more but nowhere near £200m?
Even if you added the PL’s 4 year investigation before the charges dropped it wouldn’t come close.
