"Sultana offered to transfer 600,000 from a company the party's founders set up earlier this year, only to be rebuffed by allies of Corbyn who accused her of playing political games with supporters' money. The latest row comes after months of acrimony between the two former Labour MPs as they jostle to be the figurehead of what they hope will be a new force on the populist left."
"The latest row centres on hundreds of thousands of pounds' worth of donations and fees received by MOU Operations Ltd, a company set up earlier this year while the details of Your Party were being thrashed out. Your Party officials have been seeking a sum of about 800,000 from MOU Operations, even threatening to take legal action against the company over it. Sultana however has recently taken sole control of MOU Operations and on Monday offered to return 600,000."
Jeremy Corbyn and Zarah Sultana are engaged in a public feud over control of Your Party and the allocation of substantial donations. MOU Operations Ltd, a company established while the party was being organised, holds donations and fees that officials estimate at about £800,000. Sultana, now sole director of MOU Operations, offered to transfer £600,000 while retaining funds to cover potential legal and administrative costs. Your Party officials are seeking the larger sum and have indicated rejection of Sultana's offer, previously threatening legal action to recover the funds. A formal leadership contest is expected in the new year.
Read at www.theguardian.com
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