North West law firm wins £7.2m case involving ‘the next Messi’
Liverpool law firm Cassell Moore has obtained a landmark judgement against Palermo, the Italian football club, in a case involving the financial rights of a young player dubbed the ‘next Lionel Messi’.
Cassell Moore obtained the judgement at the Manchester High Court for English football rights firm Pencil Hill Ltd, after the company was owed €6.7m (£5.2m) by Palermo for the sale of Argentina international striker Paulo Dybala’s financial rights.
£30m-rated Dybala currently plays for Juventus but has been linked with a big-money move to Manchester City.
The case surrounded Dybala’s transfer from Argentine club Cordoba to Palermo for €10m in 2012. Pencil Hill Ltd handled the transfer, but said Palermo failed to cough up the €6.7m it owed in registration rights.
Manchester High Court also heard that Palermo were bound to pay Pencil Hill Ltd an additional €1m due to a further agreement in August 2012.
While a clause in the contract caused the amount owed to double to €14.44m (£11m) when the initial payment was missed, the amount was deemed “excessive” and reduced.
As a result, Palermo were ordered to settle a debt of €9.4m (£7.2m) plus interest.
Cassell Moore has confirmed it will now pursue a number of English clubs believed to owe transfer fees to Palermo, as part of its drive to settle Pencil Hill’s multi-million pound bill.
Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →
How businesses can reduce workplace safety risks with custom solutions
Tech firm unveils jobs plan after £530,000 backing
SMEs urged to think big at Newcastle event
B Corp is a commitment, not a one-time win
Government must get in gear on vehicle transition
A legacy in stone and spirit
Shaping the future: Your guide to planning reforms
The future direction of expert witness services
Getting people into gear for a workplace return
What to expect in the Spring Statement
Sunderland leading way in UK office supply market
Key construction developments in 2025