Quote Originally Posted by Ninian1962 View Post
The figure in the May 2020 accounts (the most recent ones filed at Companies House) was £20.7m. It has probably gone up in subsequent accounts as provision was made for ongoing legal costs.

If the club win their case at CAS then there will therefore be a big improvement in its reported profits. In cash flow terms though it would just remove the need to set aside cash to settle the case if lost rather than generate new cash (other than a possible recovery of legal fees from Nantes)

Keith
Thank you Keith

Am I correct in thinking that. If we win there is £20m to write back to our trading account which will improve the position ? What could happen to any surplus that arose as a consequence ? Could it be used to write down indebtedness or could some of it be used to strengthen the team ?

Also you mention recovery of legal costs from Nantes which appear to be £5m+. Obviously this would only happen if we won at CAS. I assume we would have to sue them in the French Courts. What would be the grounds for this ? CAS is only dealing with contractual issues. Is the suggestion that if we win at CAS the contractual issues that might result in a win for us are purely down to Nantes which could be justification in itself for legal action or will it be negligence in flight arrangements by those acting on behalf either directly or indirectly of Nantes ?