▁the ▁Independent ▁School s ▁Council ' s ▁Chief ▁Executive , ▁Jonathan ▁She ph ard , ▁with ▁a ▁negoti ating ▁team ▁including ▁Lord ▁( N ich olas ) ▁Ly ell , ▁the ▁former ▁Att orney - General , ▁the ▁solic itor ▁and ▁medi ator ▁Tony ▁Will is , ▁and ▁the ▁business man ▁Sir ▁Bob ▁Re id . ▁One ▁of ▁the ▁principal ▁a ims ▁of ▁the ▁neg ot iation ▁was ▁to ▁ensure ▁that ▁financial ▁pay ments ▁by ▁the ▁schools ▁should ▁go ▁to ▁a ▁char itable ▁trust ▁rather ▁than ▁to ▁the ▁Tre as ury : ▁this ▁followed ▁a ▁United ▁States ▁example ▁where ▁a ▁sports we ar ▁firm ▁had ▁agreed ▁to ▁provide ▁sports ▁facilities ▁in ▁settlement ▁of ▁a ▁competition ▁law ▁claim . ▁The ▁I SC ▁negoti ating ▁team ▁wanted ▁the ▁char itable ▁trust ▁to ▁benefit ▁children ▁from ▁dis adv ant aged ▁background s , ▁but ▁O FT ▁ins isted ▁on ▁the ▁fund ▁benef iting ▁pup ils ▁from ▁the ▁ 5 0 ▁schools ▁at ▁the ▁relevant ▁time . ▁ ▁All ▁the ▁schools ▁involved ▁were ▁given ▁fin es ▁of ▁£ 1 0 , 0 0 0 ▁each ▁for ▁their ▁in fr ing ement , ▁with ▁a ▁ 5 0 % ▁reduction ▁to ▁£ 5 , 0 0 0 ▁for ▁E ton ▁and ▁Win chester ▁for ▁early ▁co - operation . ▁Additionally ▁the ▁schools ▁agreed ▁to ▁pay ▁£ 3 ▁million ▁into ▁a ▁trust ▁fund ▁aim ed ▁to ▁benefit ▁the ▁pup ils ▁att ending ▁the ▁schools ▁during ▁the ▁period ▁involved ; ▁it ▁has ▁been ▁str essed ▁that ▁the ▁trust ▁fund ▁is