2026/27 Season Prospectus

Issuer: SW6 Capital, London · Fund: JP Morgan · Ticker: CFC-JPM · Sector: Aggressive Growth / Final Third Services · Headquarters: The 18-yard box, Stamford Bridge, London SW6 · Rating: AAA (attack) / Junk (defence) / Solvent (overall)

This prospectus has not been approved by any financial regulator, the Premier League, or our Compliance Department. It is not FDIC insured. It is Palmer insured.

1. Executive Summary

SW6 Capital is a London house with one holding worth discussing. This document concerns that holding.

The firm is named for SW6, the postcode of Stamford Bridge, on the reasoning that a house should be named for the ground it cannot leave. Any other business trading under a similar name is unconnected to us and is warmly invited to keep it: we hold no assets, take no deposits, and would be a catastrophic acquisition.

The JP Morgan Fund — João Pedro, Cole Palmer and Morgan Rogers — is a high-growth, high-burn goals enterprise operating in the top flight of English football. It is our flagship position, our largest exposure, and the only line item the board reviews without flinching. Our strategy for it is simple: revenue must always exceed expenses, and both should be enormous.

The firm does not pursue clean sheets. Clean sheets are idle capital. We deploy every asset forward and let the auditors deal with it.

Investment thesis: You will concede. We will concede. We will score more. Book the profit.

2. Business Model

Our operating model runs on three pillars:

• Top-line growth. Goals scored are treated as revenue and pursued relentlessly, regardless of match state, opposition, or common sense.
• Defence as a cost centre. Goals conceded are booked as a non-cash operating expense and excluded from adjusted earnings.
• Net goal difference as EBITDA. Our only metric. If it ends positive, the quarter was a success. If it ends 3-2, the quarter was a masterpiece.

3. Key Personnel

The Fund

Three individuals, one line item. Revenue is recognised when they are on the pitch and forecast when they are not.

João Pedro — Chief Revenue Officer Responsible for converting chances into revenue. Also handles hostile takeovers of opposition centre-backs. Known for arriving in the box exactly when the balance sheet needs him.

Cole Palmer — Chief Cold Officer Oversees the Finishing & Composure division. Operates at a permanent 2°C. Does not celebrate; simply adjusts his sleeves and re-rates the opposition’s share price downward.

Morgan Rogers — Head of Growth (Late Runs Division) A high-conviction growth stock acquired at a premium. Specialises in leveraged runs from deep and arriving at the far post like an unexpected dividend.

Office of the Firm

Everyone charged with carrying the Fund to the final third, and with whatever happens at the other end.

Xabi Alonso — Chief Executive Officer Sets the firm’s risk appetite (unlimited). Has never once been observed asking for a clean sheet.

The Back Line — Compliance Department Understaffed. Under review. Doing their best.

Robert Sánchez — Chief Risk Officer Also the risk. See Section 5.

Enzo Fernández — Former Executive (Departure Pending) Relationship with shareholders described as “strained.” Currently classified as an asset held for sale. Contributions to the firm will be recognised in full once the wire transfer clears.

4. Financial Highlights

Figures unaudited. Auditors resigned after the second half.

5. Risk Factors

Prospective investors should consider the following:

• Principal risk: Robert Sánchez. Our goalkeeper is a single point of failure with no hedge, no stop-loss, and no obvious instructions. Every long ball is a stress test. Every back-pass is a margin call. Every cross is a Lehman moment. Management has been unable to quantify this exposure because he keeps coming out for it.
• Shareholder relations risk. A former executive is understood to have fallen out with the investors. A disposal is imminent. Proceeds will be reinvested in the final third, where relationships with shareholders are, by contrast, excellent.
• Volatility risk. A 2-0 lead is a liquidity event. A 2-0 deficit is also a liquidity event. We are indifferent.
• Counterparty risk. Opposition strikers may exploit gaps in the Compliance Department. This is priced in.
• Concentration risk. The Fund is, by construction, three individuals. The firm holds no meaningful hedge against any of them being unavailable. We consider this a feature, not a bug.
• Cardiac risk. Shareholders may experience heart palpitations between the 75th and 95th minutes. Consult a physician before investing.
• Regulatory risk. VAR. No further comment.
• Key-person risk. If Palmer catches a cold, the entire Fund catches a cold. He will not, because he is the cold.

6. Use of Proceeds

All proceeds will be reinvested into the final third, which is to say into the Fund. Zero percent will be allocated to defending. Any leftover funds will be used to purchase another forward.

7. Dividend Policy

The Fund pays out in goals, distributed weekly, typically in the 88th minute after an unnecessary scare. Dividends may be suspended for international breaks.

8. Competitive Landscape

Rival houses have pursued conservative strategies built on “defensive solidity” and “game management.” We respect these firms. We will also outscore them.

9. Forward-Looking Statements

This prospectus contains forward-looking statements, including but not limited to: “we’ll be fine,” “one more goal and that’s it,” and “we don’t need a clean sheet, we just need one more.”

Actual results may differ materially, but will still be positive on net, because we score more than you.

10. Legal Disclaimer

Past performance is a guarantee of future results. Goals conceded are unrealised losses until the final whistle. SW6 Capital accepts no responsibility for your blood pressure.

Growth over safety. Volume over sanity. Net positive, always.

SW6 Capital, London — Trusted by Stamford Bridge since 2026.