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Kroenke stated that the £239m he is paying Fiszman, Bracewell-Smith, Hill-Wood and the other Arsenal directors will not be funded "by way of any debt finance … which will depend on the business of Arsenal".
"The offer will not be funded by way of any debt finance (bank loans, payment-in-kind loans or other debt or quasi-debt interest bearing obligations) for which the payment of interest on, repayment of or security for any liability (contingent or otherwise) will depend on the business of Arsenal".
KSE has funded the large part of the offer to Usmanov with a loan from Deutsche Bank, and although they say in their statement to the stock exchange that this is "not being funded by way of any debt finance", nobody would be any the wiser if, after he assumes full control, Kroenke leverages the value of Arsenal to service that loan.
This is how Ethereum's development was funded, by way of a pre-sale of Ether for Bitcoin in July 2014.
The statement to the stock exchange read: "The offer will not be funded by way of any debt finance (banks loans, payment in kind loans or other debt or quasi-debt interest bearing obligations) for which the payment of interest on, repayment of or security for any liability (contingent or otherwise) will depend on the business of Arsenal".
Needless to say, if that is the case the fact that the original raw intelligence was funded by way of the Clinton campaign appears to be the least interesting part of this story.
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"The banks don't have the money … So you've got to rely on overseas investment, be it funding by way of people buying them, or by someone saying, 'OK, we'll buy the site and the development and we'll sell it back to the Brits'".
Moreover, now that the company has secured additional funding (by way of its recently announced £0.75m convertible) investors should not expect an imminent fund raising, even in the event of LiteBulb finding an appropriate acquisition.
This year, Google followed on from that with an investment in Oxford University's Venture Fund by way of Google Ventures.
Hogeg tells me that the investors out of China came to the fund by way of Mobli.
"During this period, I made it clear to the board that I am a potential source of funding by way of a new capital injection.
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