It said the plan, which the council intends to fund via private investment and national sports funding, would mean that 97% of Manchester residents lived within 20 minutes of a swimming pool.

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Equifax said it intends to fund the purchase using debt and available cash.

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As the fund does not employ leverage or derivatives for risk management, Exante intends to provide a two-way secondary market for the trading of fund shares.

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Regardless of what happens to the contributions, O'Mara intends to open a legal defense fund for his client, he said.

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It intends to use some of the revenues from the RSPT to fund a cut of a couple of percentage points in the general corporation tax, in an effort to boost other Australian businesses and thus rebalance the economy.

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Though the account has been closed, O'Mara said he intends to open a legal defense fund for Zimmerman.

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