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School of Oriental and African Studies in financial trouble

 
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Stuka



Joined: 27 Aug 2012
Posts: 206

PostPosted: Sun Jun 16, 2019 11:52 am    Post subject: School of Oriental and African Studies in financial trouble Reply with quote

The University of London’s School of Oriental and African studies is in danger of exhausting its cash reserves within two financial periods if there is no turnaround in its situation, the school’s director has told trustees.

Once the cash reserves are used up, the school could continue to “haemorrhage cash”, leaving it in debt to the tune of £18.5m (Dh86m) if action was not taken. The school posted a £1.2 million deficit in its 2017-18 accounts.


https://www.thenational.ae/world/europe/london-s-school-of-oriental-and-african-studies-facing-financial-trouble-1.873304
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