Hi mate.
Options exist that would take BHHL holding to a maximum of 73%. They relate to Bill Kenwright, Jon Woods (personal), Jon Woods Ltd and Arthur Abercromby's holdings. I say a maximum, as it is possible that JW/BK may wish to retain a holding for historical and sentimental reasons respectively.
The idea that milestones may be the driver for exercising the options is possibly correct, but they may just as easily be subject to a time limit - no one knows for certain. Think the milestone thing was first floated by
@The Esk but I will stand corrected.
The charges relating to the options were filed in March 16 by our friends Applebys in the Isle of Man. The fact that they are the apparent Escrow Agents and the charges are in favour of BK et al, would lead me to suspect that the money is already held in escrow to exercise the options - but I may be wrong.