This particular trust is facing an increasing debt mountain – which This Writer notices the Department for Education is being left to handle.
Apparently it is hoped that new sponsors can be found for the five schools involved, but that hardly seems likely if a debt liability is involved.
It seems likely the taxpayer will be forced to pay the bills.
And that still doesn’t guarantee that anyone will come along to save the schools, meaning pupils there will have to cope with the possibility of having their education yanked out from under them, alongside the usual stresses of our increasingly-unwelcoming education system.
This leaves us with one very important question:
Why in the name of all that is wholesome does Education secretary Nicky Morgan want to force all English schools into conditions that could lead to a similar plight?
The Birmingham multi-academy trust once celebrated by David Cameron as among the best in Britain has collapsed, leaving the five schools it runs with mounting debts and an uncertain future.
Parents and staff at the Perry Beeches academy chain in Birmingham will be told on Wednesday that Liam Nolan, the trust’s guiding force, has resigned from the organisation as executive head, having earlier stepped down as the trust’s chief executive after an investigation uncovered financial mismanagement.
An “exit statement” from the trust obtained by the Guardian reads: “Liam Nolan has presented his resignation from the post of CEO/executive headteacher at the Perry Beeches academy trust. He has made this decision to allow the necessary changes required to move the trust forward.”
Nolan had been absent on sick leave since Easter.
The trust’s governing board is also to step down, leaving the management of the trust’s five schools in the hands of the Department for Education (DfE) until new academy sponsors can be found.
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