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£1billion of title deeds for schools transferred to private companies

85 replies

BeingAMumIsFun · 15/08/2012 00:00

Before the election councils in England held the title deeds to schools and land valued at over £2.5 billion

But most people don't know the very fine print of the academies bill means

  1. The title deeds of the school and the land are transferred to a private company when the school becomes an academy


  1. Michael Gove borrows £25,000 to pay the legal fees for the private companies to ensure the title deeds are transferred from the council (us taxpayers who paid to build the schools - to these private companies)


So far £1billion of title deeds for schools have been transferred from taxpayers - with Michael gove increasing the deficit by £481,750,000 - just for legal fees to transfer ownership of the schools from councils to private companies

So who has the title deeds now

Tory party member Philip Harris has his hands on £millions worth of title deeds. (Philip Harrismade donations to David Cameron as leader of the Conservative Party. He is considered to be one of his personal friends

Stanley Fink, another friend of Cameron has donated £2.62m to the Conservative party and David Cameron made Fink a Lord as soon as he came to power, and David Cameron has since made him Tory Party Treasurer and also handed his company £millions title deeds for schools

And today David Cameron has told us, as well as changing the law to transfer state assets to Tory party members (and I thought only China did that) - now he is changing the laws to allow them to start selling the Land

Just so you know - Stanley Fink - his company states in their accounts - any extra money - his company has a policy to transfer the funds to the Cayman Islands - via a stockbrokers that Stanley fink just happens to be on the board of

Now if I remember correctly the directors of southern cross did the same thing with care homes - selling them off - the money disappears offshore the company goes bust and pensioners left high and dry (with taxpayers expected to step in)

Well Cameron has just announced Tory party members who have their hands on the title deeds for our schools and the school land can start doing the same thing

And just to be clear - Stanley Fink's company accounts for the schools also state - if Stanley fink's company controlling the schools, the school budgets and the title deeds goes bust - Stanley Fink (Tory party treasurer on the Times rich list) only has to pay £10

Academies are not about education - they are about asset stripping and English parents and children, will find themselves, just like the pensioners and their families who were left without facilities due to the very rich directors of Southern Cross selling off the assets and disappearing in to the sunset

Do MIchael Gove and David Cameron shout from the rooftops that they are spending £25,000 per school to cover legal fees to transfer the title deeds to Tory Party members - no

I wonder why not - could it be they don't want England's parents to know the real intentions of the academies bill - it's not about education - it is about asset stripping by Tory Party members - thanks to David Cameron, Michael Gove, every Tory MP and every LIberal MP

These are your schools - they do not belong to the Tory Party (well they do now)

Ask Michael Gove if your council gets the money when they sell off school land

Ask Stanley Fink (ARK SCHOOLS) - will this Tory Party treasurer be selling playing fields and as his accounts state, the money be transferred to the Cayman Islands (with his stockbrokers taking a cut along the way)

Serious questions - £1billion worth of assets stripped -- £half a billion in legal fees to pay for it (which we the taxpayers must pay back as Gove had to borrow the money)
OP posts:
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NattyGolfJerkin · 20/03/2016 10:51

Exactly Edith, so why have MNHQ linked a dead thread to a current issue when there are more recent active versions of the same conversation? Daft

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Eustace2016 · 20/03/2016 12:45

I wondered why too particularly as it is clear from the first few posts the heading is a misleading lie and in fact academies are leased so it is utterly wrong to say freedhold ownership passes to outsiders!

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RustyBear · 20/03/2016 15:17

MNHQ explained a few days ago that the 'trending' threads are chosen automatically based on the number of recent views rather than recent posts. Presumably the In the News section works in the same way, and a lot of people have been searching for threads on the subject and looking at this one.

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NattyGolfJerkin · 20/03/2016 16:26

Ah, thanks rusty

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seanferguson13 · 21/03/2016 11:58

Please sign this petition to get this backdoor privatisation reversed:

petition.parliament.uk/petitions/124702

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nlondondad · 21/03/2016 17:54

I am also really puzzled that this zombie thread is being "pointed to" by mumsnet.

The current thread about academies, as of posting this, is here:-

www.mumsnet.com/Talk/primary/2593393-Turning-all-schools-into-academies

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getanotherloan · 23/03/2016 11:36

I came to here because one of my Facebook friends had linked to it and shared it with loads of her other friends - curious state of affairs.

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Gfplux · 31/03/2016 19:21

All very curious and disturbing.
Private company's involved in Education can only be for profit now or in the future. Rules governing assets such as land can always be changed.
125 year leases can be very valuable. It's all about the long game.

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Abuelita · 02/04/2016 12:29

It isn't quite true that local authority land is automatically transferred to academy trusts. If a school was an LA community school before conversion the academy trust will most likely lease the land over 125 years at a peppercorn rent. If the school was a Foundation school it's likely the Foundation would have owned the land. If it was a CofE, RC, Muslim, Jewish etc Voluntary Aided school, the land was likely already owned by the religious authority. If it was a CofE Voluntary Controlled school, I haven't a clue. Neither has the DfE - it recently admitted it didn't know if the Government owned the land on which many academies stood or its value. It would cost £20m-£40m to sort out so they're not bothering. The full story's on Schools Week: schoolsweek.co.uk/dfe-needs-to-spend-20m-to-resolve-academy-land-confusion/

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spanieleyes · 02/04/2016 20:18

The government have solved it in their own way-now all the land will be owned by the Department of Education instead!

www.theguardian.com/educatio...s-decry-governments-academy-schools-land-grab

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