The relevance of today and the synergies with broader corporate clients
is actually around treasury policy.
So focusing on Premier League clubs, initially, they probably have a two fold
treasury policy where in the window they want short term access to cash,
whereas outside of the transfer window they can think around
longer term investments.
To an extent it is the same for corporate clients.
More broadly,
you need to ensure you have a treasury policy that is strong and fit for purpose.
So I think one of the themes today and we've talked about from a football
perspective, is that football clubs have a structure where you have
the football entity that perhaps sits within a broader parent structure,
and it's really important for that football entity to understand
where the cash flow, and where the cash, sits between those two entities.
And the same can be said for any other corporate in real terms.
There are many corporates
that have multifaceted and quite complex corporate structures,
and having that visibility is key in the current economic environment.