WEBVTT

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The relevance of today and the synergies
with broader corporate clients

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is actually around treasury policy.

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So focusing on Premier League clubs,
initially, they probably have a two fold

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treasury policy where in the window
they want short term access to cash,

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whereas outside of the transfer window
they can think around

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longer term investments.

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To an extent it
is the same for corporate clients.

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More broadly,

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you need to ensure you have a treasury
policy that is strong and fit for purpose.

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So I think one of the themes today
and we've talked about from a football

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perspective, is that football clubs
have a structure where you have

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the football entity that perhaps sits
within a broader parent structure,

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and it's really important
for that football entity to understand

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where the cash flow, and where the cash, sits
between those two entities.

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And the same can be said
for any other corporate in real terms.

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There are many corporates

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that have multifaceted
and quite complex corporate structures,

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and having that visibility is key
in the current economic environment.