This is a difficult call as you have three powerful figures here, Alisher Usmanov who is billionaire wanting to buy Arsenal FC, not at all happy with comments made, Craig Murray and Tim Ireland. All I can see is Craig Murray and Tim Ireland were expressing a freedom of speech.
This case relates to a case back in 1999 Involving Godfrey v Demon Internet Service. This meant website host companies are regarded as the publisher of such statements and comments. This means they are vulnerable for the bloggers actions, unfortunately this leaves the Internet Service Provider in a position of being sued accordingly. So this explains why Mr Usmanov had the upper hand.
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