'Tragedy' because they rely on lots and lots of lots of legitimate British companies getting sued by #patenttrolls and then hiring lawyers (also hired by trolls) to 'save' them. These lawyers are blood-sucking leeches.
https://www.lawgazette.co.uk/law/tragedy-for-uk-to-miss-out-on-european-patent-court-say-lawyers/5068063.article