Quote Originally Posted by Enoch Mort View Post
Keith, how much of that potential liability was provided for in the balance sheet ?

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