As an Economist (who once did a few calculations in the USA for loss of earnings) I am intrigued as to how the lump-sum compensation was arrived at: logically it *ought* to be the present value of the stream of lost future earnings, plus any premium for emotional distress etc. Of course, the difficulty in calculating PV would be the choice of discount rate.
This was exactly what I was wondering. I was hoping you could provide a worked example with the basic assumptions you make to reach the range of lost earnings.
Thanks for the first article Nick. I’ve signed up primarily because of the work you’ve done around exposing Manchester City and their charges and just want to be able to support you - even in a small way - in continuing that and other similar work.
Sports journalism at its best addresses these issues of power, money and corruption but few journalists do it at all never mind well. So thanks for all you do and good luck with this venture.
After he won his case I did ask if he wanted to do an interview and his lawyer said he'd rather not and just get on with his life, which of course I respected. As I've been planning the Substack and thinking about this first piece, I got back in touch with the solicitor who isn't in touch with Ben any more. I also asked Gary Neville, who is obviously still well connected in United circles if he knows where Ben is; and Gary didn't either, but had heard on the grapevine (without specifics) that he's doing well.
Hi Ivan. thanks for reading. The judge in the case presented her workings in the ruling, a copy of which is linked in the piece but you can find here: https://www.sportingintelligence.com/wp-content/uploads/2009/12/Ben-Collett-ruling.pdf
And that ruling was upheld to the last dot and comma when it went to the Court of Appeal. That judgement is here: https://www.sportingintelligence.com/wp-content/uploads/2013/05/2009-06-17-Ben-Collett-Court-of-Appeal-Judgment-Transcript.pdf
An interesting and very well-researched article.
As an Economist (who once did a few calculations in the USA for loss of earnings) I am intrigued as to how the lump-sum compensation was arrived at: logically it *ought* to be the present value of the stream of lost future earnings, plus any premium for emotional distress etc. Of course, the difficulty in calculating PV would be the choice of discount rate.
This was exactly what I was wondering. I was hoping you could provide a worked example with the basic assumptions you make to reach the range of lost earnings.
Thanks for the first article Nick. I’ve signed up primarily because of the work you’ve done around exposing Manchester City and their charges and just want to be able to support you - even in a small way - in continuing that and other similar work.
Sports journalism at its best addresses these issues of power, money and corruption but few journalists do it at all never mind well. So thanks for all you do and good luck with this venture.
Thanks for the kind words, Paul. I'll keep trying my best, and there will be further coverage of Man City on here, of that you can be sure.
Excellent article Nick, did you ever have contact with Ben after?
After he won his case I did ask if he wanted to do an interview and his lawyer said he'd rather not and just get on with his life, which of course I respected. As I've been planning the Substack and thinking about this first piece, I got back in touch with the solicitor who isn't in touch with Ben any more. I also asked Gary Neville, who is obviously still well connected in United circles if he knows where Ben is; and Gary didn't either, but had heard on the grapevine (without specifics) that he's doing well.