Magnate Council (Premysloides Dynasty)

Magnate Council
Magnate Council was important participant in Third Imperial Civil War. Contrary to Imperial Trade Company, Magnate Council supported Empress Theodora and financed her rebels against Iustin and against Imperial Senate.

Magnate Council was formed by Palaiologos Dynasty in 1310 as counterweight to Imperial Trade Company and shortly before Dark Age, Magnate Council accounted about 15% of private GDP of Roman Empire. After Dark Age, it was only about 2%, but shortly before Interregnum, Magnate Council reached about 25% of private GDP.

After Interregnum, merchants, magnates,landlords and companies associated in Magnate Council were granted special right to buy shares and property of Imperial Trade Company. Magnate Council was dissolved in 1625, when members of Council bought all property and shares of Imperial Trade Company and de facto merged with ITC.