www.theguardian.com/education/2017/oct/21/collapsing-wakefield-city-academies-trust-asset-stripped-schools-millions-say-furious-parents
I thought it was bad enough when the Wakefield City Academies Trust just ditched its 21 schools, but now it turns out that as well as paying himself £82,000 for 15 weeks work and a nice bit of nepotism (£440,000 to companies owned by himself and his daughter) the CEO Mike Ramsay was also in charge of a trust which took rainy-day surpluses from schools that were planning from the future, and what looks like money raised by the PTA(?) to put into general trust funds which were lost when the trust collapsed.
The DfE are (as is usual for them) refusing Freedom of Information requests about the finances and have (as is usual for them) released a bland statement about how everything is fine really.
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Academy schools asset-stripped of millions before being ditched by the their sponsor
31 replies
noblegiraffe · 22/10/2017 12:46
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