DT Withdean
New member
- Mar 5, 2011
- 1,089
Remember the initial £7.4m Goldstone sale was the visible tip of the iceberg. That paid off the bank, Revenue and directors loans.
Samrah & Knight acted valiantly, and the Argus, but only managed to prevent the well known attempt at profiteering.
It was the £24m deal to Abbey Life 18 months later at open market value for the same property that indicated to all, that the £7.4m earlier deal seemed on the low side and just enough to make Barclays and the Revenue go away.
Then Chartwell and Focus worked together on future deals elsewhere in the UK. Sunderland is often mentioned for some reason.
Bellotti never had equity, just a job. He was just a hapless puppet who took the flack. It was the others who's wealth grew still further.
Samrah & Knight acted valiantly, and the Argus, but only managed to prevent the well known attempt at profiteering.
It was the £24m deal to Abbey Life 18 months later at open market value for the same property that indicated to all, that the £7.4m earlier deal seemed on the low side and just enough to make Barclays and the Revenue go away.
Then Chartwell and Focus worked together on future deals elsewhere in the UK. Sunderland is often mentioned for some reason.
Bellotti never had equity, just a job. He was just a hapless puppet who took the flack. It was the others who's wealth grew still further.