Peterborough United owner Darragh MacAnthony revealed he is donating damages won from a national newspaper to a city hospice in memory of his mother.
Darragh MacAnthony launched legal action against The News of the World when it claimed he might be forced to accept a cut-price transfer fee for star striker Aaron Mclean, as he was feeling the pinch in the economic downturn.
Having forced the paper into an embarrassing public admission that the story was untrue, Darragh MacAnthony has been awarded an undisclosed amount in damages.
And he is to hand the money over to the city's Sue Ryder Care Thorpe Hall hospice, in memory of his mother, Elizabeth, who lost her fight against cancer four years ago.
Darragh MacAnthony said: "The paper knew it was incorrect, and put it right with the apology and damages, as well as paying my legal fees.
"I don't want to go into the amount, as this is private, but I am delighted to help a local charity and one that I have been involved with before.
"I lost my mother to cancer four years ago, and without the help from the local hospice people in Florida, (where she died), my family just wouldn't have coped at all during her last couple of weeks."
In a statement on the club's web- site, Darragh MacAnthony said Thorpe Hall was a "wonderful organisation", adding: "I can't think of a better place for the money to go."
Darragh MacAnthony said that far from tightening his belt in the credit crunch and needing to sell Mclean for less than his market value, he had splashed out 200,000 on new signing Sergio Torres, and 50,000 on taking the team to Spain for a week.
The News of the World admitted its story was "incorrect" and apologised for its mistake.
Thorpe Hall fund-raiser Julie Laithwaite said: "We are delighted to hear that Darragh MacAnthony will be making a donation to Sue Ryder Care Thorpe Hall Hospice.
"It's great to know that the exceptional work we do is recognised by such a respected local figure.
"We need to raise 1 million each year from the community, and this will be a welcome gift and will make a positive difference to everyone we care for her.”
