 In the following 2 years they charged £6m management fees and £34m loan interest, at 9%, via their Jersey-based parent company, Olympus Steel.In May 2019 Greybull sought a £75m government rescue package to keep British Steel trading.Two weeks earlier, an emergency £120m government loan was agreed to enable it to pay its EU carbon bill (previously Greybull/British Steel had sold its excess free-issue carbon credits instead of saving them, in what was described as 'an ill-judged bet').