HOME   ARCHIVE   GALLERY   SHOP   ABOUT US      
 

 
SALFORD ‘BETFRED’ DONE SEES WEALTH GROW TO £1.33BILLION
 

Star date: 8th May 2017

FRED AND PETER DONE WEALTH GROWS BY £30MILLION

Salford bookies/developers/finger in every pie brothers, Fred and Peter Done, have seen their wealth grow by £30million over the last year, up to £1.33billion, according to the Sunday Times Rich List published this week.

The brothers controversially bagged £22.5million in cheap public money loans from the Greater Manchester Housing Fund to build unaffordable apartments on Blackfriars Road, arguing that they didn't have enough money! Meanwhile, the Rich List documents 'Boom Time For Billionaires' as the wealth of the super rich rose 14% in the last year under this Tory Government.

Full details here...


Fred Done demolishes Black Horse pub Salford Fred Done demolishes Black Horse pub Salford Fred Done Blackfriars unaffordable apartments scheme
Sunday Times Rich List 2017 Sunday Times Rich List 2017 Sunday Times Rich List 2017
Sunday Times Rich List 2017 Sunday Times Rich List 2017
click image to enlarge

In March this year, Fred Done's company, FICM Ltd, was awarded a further cheap loan of £5.2million, on top of £17.3million already loaned by the Greater Manchester Housing Fund. That took the total public money subsidy to £22.5million, to build unaffordable apartments on the corner of Blackfriars Road and Trinity Road (see here).

These loans to private companies, underwritten by Greater Manchester's local authorities, including Salford Council, were slammed by new Greater Manchester Mayor, Andy Burnham, during his election campaign, when he promised to "renegotiate the aims of this fund so that we can fully focus it on the long-term goal of an affordable home for all..." (see here)

By the time that happens (if it does), the Dones will have already grabbed the money and run. Schemes like this have helped Fred and Peter's wealth rise by £30million over the last twelve months, to £1.33billion, according to the Sunday Times Rich List, published this week.

The List puts the Dones as 97th richest people in the country, as their wealth has risen by £380million since 2015 (see here).

The Salford brothers' wealth hike is in line with most of the super rich under the Tory Government, which the Rich List salaciously documents under headlines like 'Boom Time For Billionaires' and the 'Peak of Plenty'...

The UK now has the third highest number of sterling billionaires in the world – 134, up by 14 on the previous high... "Fifteen years ago, there were only 21 UK-based billionaires in the Rich List, yet, remarkably, over the past 12 months 19 have seen their wealth rise by more than £1bn within a single year" states a Rich List article

"...The total wealth of Britain's 1,000 richest individuals and families soared to £658bn – a 14% rise on last year" it adds.

The article's intro states clearly... "In a year of uncertainty, one thing was without doubt – Britain's richest were getting richer..."

And if the rich are getting richer...the poor are getting poorer, as the old saying goes. Today, the Salford Unemployed and Community Resource Centre (SUCRC) is doubling its efforts to help homeless people to vote in the forthcoming General Election, with its unique scheme, allowing its premises to be used as a registering address, and encouraging other organisations to join the drive (see here)...

Commenting on the Sunday Times Rich List findings, Alec McFadden from Salford TUC and SUCRC says: "It's Robin Hood in reverse...Public sector workers and nurses getting only 1% pay rise; no increase in welfare benefits for sick disabled and unemployed – and zero hour contracts for thousands of workers...

"For the poor homeless, sleeping in tents or doorways, the only way to change this system is for everyone to register to vote by 22nd May" he adds "And to then vote on June 8th..."


* Meanwhile, Salford people should shed a tear for John Whittaker and family, who own three quarters of Peel Holdings. According to the Rich List, they have seen their wealth fall by £140million to a mere £2.2billion. But they are still the 53rd richest people in the country.

Mary Ferrer wrote
at 12:05:22 AM on Tuesday, May 9, 2017
Everytime I read about the Done brothers,it makes my blood boil. Why give them loans to build UNAFFORDABLE APARTMENT'S. If they were willing to build a certain amount of affordable properties,then maybe give the the loans.But all WE are doing is help these two go further up the most rich list.They don't even pay planning fees.They will be sat in their multi million property counting their money and laughing at the idiots who hand over OUR money. Have I got this right,the inmates are running the madhouse???
 
Colonel O'truth wrote
at 10:55:58 AM on Monday, May 8, 2017
Difficult to believe Alec M's comment; even a Labour landslide wouldn't change anything -- see article on Burnham's appointments. High value housing will boost the council's revenue while displacing the ordinary people of Salford, so reducing the welfare bill. However, they haven't thought this through as the people being attracted to the city will be more likely to vote tory. Perhaps then disguised tories like Burnham and Leese will show their true colours. If we want a better future we will have to fight for it ourselves.
 
Real Salford wrote
at 10:54:40 AM on Monday, May 8, 2017
Yes but Fred Done still supports a shyte football team (Trafford Gas Works!!)
 
life is loud wrote
at 3:23:59 AM on Monday, May 8, 2017
Yes and thanks to the tax breaks that Theresa May has given them
 
Please enter your comment below:
 
 
 
Salford Live Events
Salford Star contact
Salford Star
Salford Star print
Deli Lama
advertisement
 
Contact us
phone: 07957 982960
Facebook       Twitter
 
 
Recent comments
article: SALFORD HAS ONLY TWO AFFORDABLE HOUSES FOR 4,172 FLATS AND HOUSES BUILT IN GREENGATE AND CHAPEL STREET
Salford council are law unto themselves I am unable to see how the people of Salford can continue to elec them over and over agai... [more]
article: SALFORD HAS ONLY TWO AFFORDABLE HOUSES FOR 4,172 FLATS AND HOUSES BUILT IN GREENGATE AND CHAPEL STREET
About time this pathetic council stopped the viability let offs and ducking out of the affordable additional housing...I am sure t... [more]
article: SALFORD HAS ONLY TWO AFFORDABLE HOUSES FOR 4,172 FLATS AND HOUSES BUILT IN GREENGATE AND CHAPEL STREET
We must make sure the developer's make a decent profit.Can't allow them to be out of pocket.Thank you Salford labour run council. ... [more]
article: SALFORD PHOTO ARCHIVE GIVEAWAY
Does anyone remember the Dentist's name on Langworthy Road in the 1950/60's? His nurses name was Rosemary and I think she was his... [more]
article: SALFORD DOGS4US SEES PUPPY FARM AWARENESS DAY PROTEST
Mary, you clearly have never ever contacted Salford Trafing stamdards about buying a dodgy car! Once again you are failing to not... [more]
 
 
 
 
 
Days
Hours
Minutes
Seconds
 
 
 

Donate

Help the Salford Star...

all donations welcome

 
 

More articles...

SALFORD HAS ONLY TWO AFFORDABLE HOUSES FOR 4,172 FLATS AND HOUSES BUILT IN GREENGATE AND CHAPEL STREET

Star date: 25th September 2017

SALFORD COUNCIL POLICIES ENSURE DEVELOPERS EVADE AFFORDABLE HOUSING

Tonight, Salford councillors meet to discuss the 'achievements' of new developments in Greengate and Chapel Street. The report they will see lists schemes comprising 4,172 apartments and houses, including Middlewood Locks and Vimto Gardens, with a focus on 'Creating a great place to live'.

These schemes between them have produced finance for just two affordable houses, in line with official Salford City Council policy and 'viability' evasion.

Full details here...

MEDIA UNDER THE SPOTLIGHT AT TAKE BACK MANCHESTER FESTIVAL

Star date: 24th September

IS THE MEDIA TURNING ALTERNATIVE? JULIE HESMONDHALGH AND THE SALFORD STAR SPEAK OUT

Media for the Many, not the Few
Monday, October 2nd 2pm-4pm
The People's Event Marquee, Piccadilly Gardens free

As the Conservative Party Conference kicks off in Manchester, a public meeting on the media is taking place in Piccadilly Gardens, which asks whether a media transformation is taking place, with speakers including Julie Hesmondhalgh and the Salford Star editor. It's hosted by the People's Assembly as part of the Take Back Manchester Festival.

Full details here...

THE MOODS DEBUT ALBUM MISSING PEACE GETS FIVE SALFORD STARS

Star date: 24th September 2017

THE UNIQUE SOUNDS OF THE MOODS THRILL ON DEBUT ALBUM

The Moods - the ten-piece combo with the motto 'Make you think, make you dance' - release their much awaited debut album, Missing Peace, this week. Its fuse of hip-hop, reggae, pop, brass and spoken-word and more gets a five Salford Stars review from Ian Leslie...a genuine breath of fresh air...

Full review here...

SALFORD PUBLIC MEETING ON FIGHTING UNEMPLOYMENT POVERTY AND AUSTERITY

Star date: 24th September 2017

TAKE BACK MANCHESTER FESTIVAL SEES ANTI-AUSTERITY MEETING

Fighting Unemployment, Poverty and Austerity
Saturday 30th September 1pm-3pm free
Working Class Movement Library

On the eve of the Tory Party Conference, the Mary Quaile Club is running a public meeting at Salford's Working Class Movement Library on Fighting Unemployment, Poverty and Austerity, with speakers Sean Mitchell, author of the book Struggle or Starve about Belfast riots, and Tameside Against The Cuts activist Charlotte Hughes.

Full details here...

KEN LOACH STARS IN FUNDRAISER FOR SALFORD RESOURCE CENTRE

Star date: 24th September 2017

KEN LOACH, JB BARRINGTON, RICKY TOMLINSON AND MORE

Films and Conversation with Ken Loach and Friends
Thursday 23rd November 4pm-midnight
Moston Miners' Centre £20/£10

Ken Loach, director of top films like I, Daniel Blake, Cathy Come Home and Looking For Eric, is to star in a fundraiser for Salford Unemployed and Community Resource Centre on Thursday 23rd November. Joining him are JB Barrington, Ricky Tomlinson and more, with tickets on sale now.

Full details here...

 



written and produced by Salfordians for Salfordians
with attitude and love xxx