Originally Posted by
AndrewH52
Being reported in today’s MEN that local councils are to lend MAG £260m to support it through the current crisis. Suspect it may be to plug the gap that the Council’s themselves will be facing due to the likelihood of no dividends being paid out by the airport for at least two years.
This is reassuring to hear. The local authority shareholders have recieved handsome dividends from the airport for a good number of years now without making any significant investments themselves. Being a shareholder is not a one-way transaction and I'm already anticipating my MCC council tax bill will rise next year!