Leeds Met Squandering your Money?

Well, I don't believe it, as Victor Meldrew used to say. We hear on the news that on Monday 4th July, when Leeds United football club was bought back by its former owner, that the creditors would get only 1p in the pound from the new takeover.

We hear also that one of these creditors is Leeds Metropolitan University, who will get back £500 instead of £50,000. Now sums like this may be peanuts to business, but the question has to be asked: what was Leeds Met doing giving money out to football clubs when this money comes from Government grants and the fees paid by its own students? Do they have a moral right to be risking cash like this when it should be used for the educational benefit of the community?

The VC, Simon Lee, may have some words of wisdom on this, because his subject is ethics...

How many students could have their fees paid for £50,000? Quite a few. Hedgehog's spines rise at this. What else is Leeds Met putting money into? Casinos? Who knows.