But and its a big but, why havent these elected council members stated that they work on the DTV Airport company board of directors? Look at Budd he's the deputy mayor of Middlesbrough and has been on the board since 2005 when numbers began to fall from 900,000 to now 150k
Surely these people who all appear to be labour councillors at the upper end of their particular council elite will have seen the small clause made by Peel when the contract for the sale of some of DTV was sold to Peel for £500,000.
Ten years later Peel announce the dilution notice that IF the councils dont give Peel more millions then the shares were theirs and not the publics. Peel state in their valuations that DTV land is now worth £30 million!
What happened to the councillors on the board, did they just turn around and say to the rest of their council members and say
"Its not worth investing in as Peel want to close the place anyway"?
As thats what it looks like to me.
Lets be hearing how much these named councillors did or didnt receive to sit on the board of DTV Airport.
Stockton council are the lead on the committee who deal with Peel, and Stockton council will benefit from millions in council tax if the land is ever built on. Think of it as another Ingelby Barwick which is also in their domain.
But to build on the place the councillors have to give the publics shares away to a company which already has form for closing airports such as Sheffield Airport, and who have run DTV into the ground over the last ten years while owning most of the shares.
The bigger picture here is WHO got what, and why did they agree to give Peel more of the publics shares without a fight over the hidden contract clause, as Peel never did put the promised £20m investment into DTV.
I wonder who will be shredding tonight?
Last edited by Northbound A1; 29th Jun 2013 at 13:18.