Genoa sold the rights to their taxes to the maona, which raised funds from its investors to buy galleys and eventually re-conquer Chios and Phocaea.

[1] The republic engaged to secure these citizens against all loss, and pledged a portion of the annual revenues of the state pay the interest on their advances.

[2] Once the conquest of Chios was successfully achieved, the ship-owners then returned to Genoa and advanced the sum of 250,000 lire to cover the expenses of the campaign.

After long deliberations, an agreement was concluded on 26 February 1347 between the Commune and the group of its creditors represented by the Genoese admiral Simone Vignoso.

His sultan had a good pretext for putting an end to the government of the Giustiniani, for the island served as a place of refuge for fugitive slaves and the refreshment of Christian corsairs.