Quote:
Originally Posted by ToffeeGuy
As I've already said, get the facts right.
"Manchester Airports Group is registered as a public limited company (plc) but the local authority owns all of its shares. The shares are not quoted, or available to buy, on the Stock Exchange. MAG pays dividends to its shareholders (the ten local authorities) and reinvests some of the profits into the company."
The Business of Manchester Airport Group Plc
I can't see how the money they make doesn't go back into the councils' coffers to run local services. |
They may get some i admit, but i would be surprised if by the time the councils have finished divvying up the profits they will have wasted most of it on knitting groups and flashmobs, this is local government after all
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