Exact(38)
It was also discussing the issued of £800,000 of loan notes to its larger shareholders.
These allow them to pay interest in the form of further loan notes, rather than hard cash.
The 850-page report said that ultimately only £10m of this was handed to the four in the form of loan notes shortly after the takeover was completed.
The firms will pay £2.04 billion in cash and £100 million in loan notes for the unit, Yell Group, British Telecom said in a statement.
The Chinese firm will pay for most of the deal in cash, with the rest in Ctrip shares and loan notes.
He owns about a third of Blockbuster's senior loan notes, but stepped down as a director of the company six months ago to play a major role in restructuring talks.
Similar(21)
It will also raise £142m through a loan note issue.
The company is also offering a loan note as an alternative to Dolphin shareholders.
You simply ask your lender to remove the former spouse's name, leaving the loan note in your name only.
The 1988 accounts for Lawnstone also show the company issuing a loan note of £100,000 to Amber Rudd.
The four men behind Phoenix did rather nicely, giving themselves a £10m loan note and a £16.5m pension fund, and their "greed" has therefore become the focus for public anger at the company's demise.
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