The English at some point controlled FAJ, FAL, FCE, FEV, FMR, FTH, FVN, but these slipped into French control a long time before the game would start. We assume that the French have not been idle in the 14th century, and have picked up control of areas to the east. The following overlord ships start the game belonging to the French king. The Emperor is still in this area. But having lost his overlordships in the past century, he is eager to recover these losses.
Several things are noticeable right away.
But the Roman emperors position is not without peril. He has several major enemies. Mongols and Turks will come out of the east, The Byzantines are in Naples, while Moorish pirates will land on his coast and heresy may break out in Italy. Perhaps worst of all, the original rulers of the areas of Italy still have ancestral owners out and about. When these positions are activated, the players will have large purses and the ability to trigger ancestral rebellions in their fiefs.