The big thing that the press has vompletely missed out on reporting is that a non-compete agreement is legitimate IF the buyer asks for it.
So, if Asper says "Ok, Hollinger, we'll buy those papers but listen here, we're only going to buy it if Conrad and the others agree not to go start up another paper in our market on their own... outside of Hollinger".
As it was, the buyers said, "Ok, we'll pay 100 million (for example) for those papers".
Then Conrad came back and said, "Ok, 100 million it is! Make a cheque for $80 million to Hollinger, and five million to Radler, ten million to LORD Black of Crossharbour, etc ... and just note in the "RE:" line -Non-Compete Agreement".
If this was his own privately held company he can ask the buyer to make the cheque out to his grandmother's dog and cat .
Or he could have been straight and said to the Board "Look chaps, I've really scored big for the company and we're gonna make a shitload of money on this deal that I put together from start to finish... howzabout a nice 10% bonus for me and the lads if it all works out?"
Except this guy thinks it IS his company, and that shareholders and the board are mere formailities and obstructions!
If I was him, I'd use the ten or twenty million I certainly squirreled away somewhere over the years and find a smuggler to get me to Venezuela or somewhere without an extradiction treaty. Certainly not the same as rubbing shoulders with the other english chaps at the club in LOndon but way better than spending the next ten years (until he is 72!) in prison!
Ten years doesn't sound like a lot until ou really think about what you've done in the last ten years!