A MARK OF RESPECT?

The controversial, see-saw battle in the courts between Arsenal Football Club and a street-trader who made his living selling unlicensed club merchandise outside its ground is a salutary lesson to insurers on the potentially huge value of intellectual property assets, writes Tom Serby

The ultimate outcome of the fluctuating courtroom drama of Arsenal Football Club's legal claim against Matthew Reed, a street trader selling unlicensed Arsenal memorabilia, will be worth millions of pounds - and not just to top-flight football clubs and the entertainment industry.

The case reflects the growing realisation that an organisation's intellectual property can often be one of its greatest financial assets.

The first trial: the High Court

In the first hearing, before Mr Justice Laddie in

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