Elton could be forced to pay his former accountants, Price Waterhouse Coopers, a second round of costs following his failed £14m damages claim against the firm for negligence and breach of contract.
Elton was ordered to pay PWC and Andrew Haydon, a former director of his previous management company, John Reid Enterprises, up to £8m in costs after losing an appeal in June 2002. The case was heard in London's High Court in November and December 2000.
Between 60 percent and 80 percent of a defendant's costs are paid under the "standard basis", but PWC hopes to recover the rest on an "indemnity basis". PWC has lodged papers with the Queen's Bench division of the High Court, though a date for the hearing has not been set.
PWC hopes to recover the remaining £3 million-plus legal costs. When the initial judgment was handed down in April 2001, the firm said: "We are not a bank of last resort available as a deep pocket."