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£4.5m profit for firm holding final piece of 2014 jigsaw
 
 

by Chris Musson

A PATCH of land worth just £45,000 in 1989 is to net its owners £5.5million of public cash - because it's needed for the Commonwealth Games.

Taxpayers will foot the bill for the 2.5 acres of wasteland on the site of the Athletes' Village in the East End.

The sale comes after landowner Graham Duffy was accused of "holding Glasgow to ransom" over the purchase.

If it is agreed by councillors this Friday, the deal will mean a massive windfall for the consortium fronted by businessman Mr Duffy, which bought the land at Dalmarnock in 2005 for a sum thought to be less than £1million.

Among those with a stake in the consortium is Northern Ireland and Sheffield United footballer Keith Gillespie, 32.

Companies House documents reveal the ex-Manchester United and Newcastle United winger owns a 12% share of the land, which could net him as much as £660,000 if the deal goes through.

The consortium originally claimed it wanted to build Scotland's tallest skyscraper at the riverside plot in Millerfield Street.

Land Register records show the site, one of few last pieces of the jigsaw needed for the Games Village, was bought in two parts for £20,000 in 1988 and then £25,000 in 1989. The new owning company and the land was then sold on to Mr Duffy's consortium in 2005.

Mr Duffy, of Glasgow developers Grantly Group, offered the wasteland to the council for almost £8m during the Games bid in 2006.

But the 40-year-old businessman, now based in Florida, was accused of trying to take advantage of the Games for profit.

As revealed in the Evening Times last month, the council said that it would not pay the asking price for the land.

Now its final offer is £5.5m and it has warned that it would pursue a Compulsory Purchase Order if a deal wasn't struck.

A senior council source said: "It looks like Mr Duffy has got his deal, but it's not anything like the money he'd asked for.

"This is a good deal for Glasgow as the land is vital for the Games Village.

"Given what they've put the council through I only hope the money is paid in pound coins..."

Others with a stake in the deal are Mr Duffy's relatives John and Susan Duffy, from Bishopbriggs, who have a 30% share in Grantly Developments (Parkhead) Ltd, which controls the land on behalf of the consortium.

The other members of the consortium are two firms from Northern Ireland. One is controlled by Gavin Logan, Graham Duffy's business partner in several firms.

Mr Logan, 49, is from Keith Gillespie's home town of Bangor in County Down and is the link between the player and the land deal.

Gillespie's agent, Phil Munnelly, confirmed the player had a stake in the land and other property across the UK.

Publication date 23/01/08

Posted by: glamkitty, Glasgow on 11:30am Wed 23 Jan 08
"This is a good deal for Glasgow as the land is vital for the Games Village."

A GOOD DEAL for glasgow?? We fork out a mint in tax and this is the bullsh*t they spend it on???
Be serious.
Its like me going to the bank for a business loan of a million quid and then spending it on sweeties.

Posted by: Sydney Meriwether, Glasgow on 11:37am Wed 23 Jan 08
A perfect example of how the people of Glasgow will be BIG LOSERS in the Commonwealth Games fiasco: the council offered a staggering £2 million for this piece of land and Mr Duffy played hard-ball in the face of Steven Purcell's bullying and was able to humiliate the council 'leader' and rob the people of Glasgow of millions of much-needed cash!

Steven Purcell should resign immediately!!!
Posted by: Sydney Meriwether, Glasgow on 11:47am Wed 23 Jan 08
In December the Evening Times reported that the council would use a compulsory purchase order to get the land at a 'reasonable' price, with a senior council source saying:

"We have to look after the public purse here. The Glasgow taxpayer cannot be held to ransom over this and if a CPO is needed, then so be it."


Here's what I said:

This is just a last, desperate chance for Purcell's ego machine to save face: there will be no compulsory purchase because Grantly are well placed both legally and financially to fight these bully-boy tactics.


Who got it right, then?
Posted by: jrb, Glasgow on 11:59am Wed 23 Jan 08
Sydney Meriwether wrote:
A perfect example of how the people of Glasgow will be BIG LOSERS in the Commonwealth Games fiasco: the council offered a staggering £2 million for this piece of land and Mr Duffy played hard-ball in the face of Steven Purcell's bullying and was able to humiliate the council 'leader' and rob the people of Glasgow of millions of much-needed cash! Steven Purcell should resign immediately!!!
As I asked in a previous post,when did Glasgow city council decide on making a bid for the games?2002? 2003? 2004?..then surly the must have known which areas needed to be purchased,I agree that Mr,purcell has to go,and whoever was responsible for not obtaining the plot of land which Mr Duffy has now sold for a vast sum, and congratulations M.r Duffy if only you where on the games committee I would have some belief that when they finish and the show has left town,glasgow may show some profit, which looks highly unlikely..Now Sydney sit back and watch the set in stone budget crumble....I reckon within the next 3 months they will try and slip it onto the public in much the same way as they "consulted" over the Go ape in the park project,underhand and low key..
Posted by: AndrewM, Shawlands, Glasgow on 12:25pm Wed 23 Jan 08
What a joke. How can we possibly be in the position of being forced to pay this kind of money for a patch of land in Dalmarnock? Without the Games this land would be worth a few hundred thousand pounds. A Compulsory Purchase Order should be used to buy the land at market value.

Once again the Council seem quite happy to pay out fortunes to big business but will use CPOs to force people out of their homes if they stand in the way of progress. An investigation should be held to establish why £1m was paid for this land back in 2005 and less than three years later it is worth more than £5m. Who knew where the athletes village was to be sited?

This is disgusting. Every Council official and elected member should hang their head in shame if this goes through.
Posted by: AndrewM, Shawlands, Glasgow on 12:29pm Wed 23 Jan 08
Should have added a well done to the Evening Times and Chris Musson for uncovering this scandal. Should have been a front page story had it not been for the other Council scandal regarding the public consultation over Pollok Park and Go Ape.
Posted by: The Missing City, Glasgow on 12:39pm Wed 23 Jan 08
We're just pawns in their game, always have been - gimp masks at the ready folks!

I said a couple of weeks ago, Dalmarnock wasn't worth the price of Bog Roll 15 years ago because it was just ordinary people of the city, now look - huge sums of money because they cleared the area for mega bucks, but do the ordinary people get a slice of this?

Dream on!

JOKE!
Posted by: jrb, Glasgow on 12:57pm Wed 23 Jan 08
Im afraid Mr, Purcell and co called heads on this one,and it's landed tails,you need wise guys when your dealing with money men, not the bunch of chancers led by the increasingly incompetent mr, Purcell
Posted by: knight, glasgow on 1:01pm Wed 23 Jan 08
Your kidding me right? NO ONE CARES ABOUT THE GAMES why do i pay tax for this rubbish? why do i have to continue to shell out huge sums of cash so that politicians can spend it on whatever the hell they like just to boost there own egos! this is a total joke and they should all resign before they are pushed.
Posted by: jrb, Glasgow on 1:03pm Wed 23 Jan 08
A Council spokes person said"Given what they
put the council through"..I was extremely disappointed to find out that it wasnt a mincer!!
Posted by: AndrewM, Shawlands, Glasgow on 1:28pm Wed 23 Jan 08
I think the Games will be fantastic for the City and I am really supportive of them. That doesn't mean that tax payers money should be handed out to all and sundry as though it were The Missing City's bog roll. There should be an enquiry into this. If joe public owes £50 for council tax they will chase you to the end of the earth but here we see them handing over £5.5m like it's nothing. Who has been involved in this and why isn't a CPO being used?
Posted by: Frank, Glasgow on 1:55pm Wed 23 Jan 08
I think the Labour Council come out of this well. They are paying nearly £3 million less than he wanted. The games will more than cover the costs.
Posted by: jrb, glasgow on 2:20pm Wed 23 Jan 08
Frank wrote:
I think the Labour Council come out of this well. They are paying nearly £3 million less than he wanted. The games will more than cover the costs.
Come on frank al a Mr.purcell,we know it's you!!!!
Posted by: glamkitty, Glasgow on 2:25pm Wed 23 Jan 08
Frank wrote:
I think the Labour Council come out of this well. They are paying nearly £3 million less than he wanted. The games will more than cover the costs.
Er...wasnt it reported last week that the games were going to cost at least £375 million, with an expected (ie probably a hugely overestimated) income of about £75 million?
Doesnt sound like a good deal for something the vast majority of city dwellers have no interest in whatsoever.
Posted by: Sydney Meriwether, Glasgow on 3:26pm Wed 23 Jan 08
Frank wrote:
I think the Labour Council come out of this well. They are paying nearly £3 million less than he wanted. The games will more than cover the costs.
This is of course just Frank's hobby: in his (former) day job he shouts expletives at SNP politicians at 'Politician of the Year' ceremonies. ;-)
Posted by: Ian, Glasgow on 5:05pm Wed 23 Jan 08
AndrewM wrote:
I think the Games will be fantastic for the City and I am really supportive of them. That doesn't mean that tax payers money should be handed out to all and sundry as though it were The Missing City's bog roll. There should be an enquiry into this. If joe public owes £50 for council tax they will chase you to the end of the earth but here we see them handing over £5.5m like it's nothing. Who has been involved in this and why isn't a CPO being used?
Well said. Getting away from all the political blatherings. The Commonwealth Games will be fantastic for Glasgow and another excellent boost for the City and its inhabitants - with a springboard for further development and investment.

Why on earth is a CPO not being used though? This should be investigated urgently!
Posted by: maxwel, glasgow on 5:18pm Wed 23 Jan 08
I`m amazed that only fifteen people have taken the trouble to post there concern`s about what seem`s on the surface be at best ,gross incompetence on behalf of city planner`s.Given the fact that the parkhead site was on the shortlist of potential sites made up before it was sold in 2005 for approx 1million pounds leave`s a lot of unanswered question`s.The council have in effect wasted at least four million pounds of public money ,money which most of the population would agree could have been used for the poor and sick.
Posted by: ex labour voter, glasgow on 5:29pm Wed 23 Jan 08
This smells of sleaze but not cleverness.
I wonder if mr land owner has donated money to the labour sleaze and corruption party in the recent past
Posted by: sandy, Glasgow on 9:54pm Wed 23 Jan 08
Lets not kid ourselves please regarding the C.W games GDC's cronies,developers,h
ighranking council officials,constructi
on company's (in the loop)etc etc will benefit from these games not the ordinary citizens of Glasgow. GDC is bent, corrupt, riddled with nepotism and is a unfit regime to host these games. GDC is Glasgow's real shame. I do not support or a member of any other party I just despise the way this regime has destroyed this city.
Posted by: The Missing City, Glasgow on 10:46am Thu 24 Jan 08
AndrewM wrote:
I think the Games will be fantastic for the City and I am really supportive of them. That doesn't mean that tax payers money should be handed out to all and sundry as though it were The Missing City's bog roll. There should be an enquiry into this. If joe public owes £50 for council tax they will chase you to the end of the earth but here we see them handing over £5.5m like it's nothing. Who has been involved in this and why isn't a CPO being used?
I never said the people are bog roll, I said the price and the land value 15 years ago was not worth the price of bog roll

Maybe you see former inhabitants of that area as such, however, people are always gagging to mix your words up to their advantage, I bet you felt better after inserting that comment, like you were a virgin schoolboy like Adrian Mole who just had sex for the very first time ;-)

Please state the facts properly eh? Or is that too difficult?
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