This can't be right at all can it?
It's one thing to deliberately register a domain name knowing full well that you are infringing trademark but this is quite clearly a case of "reverse domain name hijacking".
http://arbiter.wipo.int/domains/decisions/html/2004/d2004-0242.html
An Internet business making a net annual profit of 60K would clearly be valued at somewhere around 250k and that's before you take values of domain names, search rankings etc into account.
1 Million is high but if you think it's ridiculous then just look at some of the share prices of some Internet companies that I have worked for. Oneview.net reached £5 a share back in 2000 giving the company an insane valuation and it never made a profit. This argument that game ltd is being "strong armed" just does not hold water.
The argument should not centre over ownership of the domain name - that is clear that it belongs to Mr Sumpter. It is a generic domain name and no one holds trademark rights to it.
The issue is the USE that the domain name is being put to.
To transfer ownership of the domain name because someone doesn't like what it is being used for is outrageous. Ownership of the domain name is one issue. It's usage is quite clearly a legal argument that comes under the boundaries of "passing off" and other related legal niceties.
This decision is akin to not only stopping someone from trading, but also taking away the building that they trade from. In this case the building quite clearly has a high value - football agent anyone?
I'm against cybersquatters and those who register celebrity names etc but I'm totally against this ruling because it's crossing the line of domain ownership and entering into an argument over what the domain is used for which Nominet have no right to make a decision on - that is for courts and judges to decide.
This decision needs to be reversed. Fair enough Game Ltd may (or may not) argue about the usage of the domain - but they certainly can't claim ownership to it. These are two separate and distinctive issues.
Outraged of Telford.