I agree.
I read with some amusement the speculation that Harry's settlement is in the £10M range.
Let's put ourselves in Murdoch's shoes for a bit, shall we?
Fox News will pay more than $787 million to Dominion Voting Systems...
Fox News now facing Smartmatic's $2.7 billion lawsuit over the network's 2020 post-election coverage....
Different country, very different legal system and different set of issues, but if £10M (plus costs) was all it'd take to get Harry to settle, don't you think Murdoch would have offered that ages ago? The way to think about how NGN approached their settlement offer is to consider the downside risks to them of exposure to further proceedings and government regulation as well as the risks to their individual executives including Rebekah Brooks, who is still exposed despite this settlement. The downside risks to them are HUGE. The amount they'd need to offer to mitigate these risks would need to be commensurate.
My guess re Harry's settlement is that it's in excess of £30M + costs + apology and admission of wrongdoing. It needed to be an eye-watering amount that would bankrupt Harry if he didn't take it, and I suspect Harry had already budgeted a £10M hit if he were to go to trial and win, as he was clearly highly likely to do.
£10M may be eyewatering to some, but it's chump change to the likes of NGN ....and incidentally to the senior members of the RF, who (Harry excluded) are billionaires. And it's not far-fetched to speculate that Jeff "$240bn net-worth" Bezos could have chipped in a few dozens of millions to protect Will Lewis at the Washington Post. And who knows, could the Royal Households have secretly chipped something in too, to conceal the role they played?
Of course it's in the interests of the British Media to attempt to downplay the amount NGN has had to fork out to settle with Harry, and to weave the silly narrative that Harry settled for a measly £10M. I wouldn't be surprised if the true amount is in the £50M ballpark.
So it's blindingly obvious that Harry had no choice but to settle, and he got most of what he wanted, first and foremost NGN's unprecedented public admission of wrong-doing at the Sun, as well as the groveling apology including to Princess Diana, neither of which was obtained by Prince William. And after all, it's not up to Harry to single-handedly hold most of the British Media to account, there is law enforcement and a government in the UK - and a Leveson II which never happened. I'm glad Sherborne and Tom Watson reminded people of that.
Anyway, what a huge victory for Harry. No-one ever walks away from legal proceedings with all their boxes ticked, but Harry and Tom Watson can be proud of themselves for pushing NGN this far, all the way to admitting criminality.