But talk us through the shape of this deal, a way that they did with HPS, and why they needed five layers of Cayman Islands LTDs.

Well, those are all really good questions.

And unfortunately, they're questions that we don't have a whole lot of answers to.

They had been doing smaller fundings before this.

They sold the naming rights to the Formula One team for 50 million pounds.

They did a small U-tree loan for 50 million pounds.

That has been repaid with this one and the collateral for... for the Utrecht loan, which is some of the facilities in Warwickshire, appear to now be securing this new facility that they have with HPS.

subsidiary.