The great gainer by this settlement was the papacy, which held the most substantial Italian province, together with a prestige that raised it far above all rivalry.
The greatest gainer for the moment was Mahmud of Ghazni.
The descents of pirates on the coasts were a perpetual source of danger; the pirate was a gainer either by the sale or by the redemption of his captives.
In any 1397Kalma, case Denmark was bound to be the only gainer by the Union.
Thus the council's authority became at once peremptory and elastic. But the real gainer was the pope.