7.11.21. Peter. Complicated Clergy.
The Vatican will incur a loss of £100m in donations intended for the needy when it completes the pending sale of a luxurious London office building now at the centre of an international criminal investigation.
The Vatican is in the final stages of selling 60 Sloane Avenue, a building in the Knightsbridge district of London, for about £200m to private equity group Bain Capital, according to several people familiar with the process. Bain Capital and Savills, which is managing the sale, both declined to comment.
Senior Holy See officials invested a total of €350m of donations in the London building between 2014 and 2018, the Vatican has said, meaning that the sale is expected to confirm a loss of about £100m for the Catholic Church.
The Vatican prosecutors say the money invested in the building and other investments was derived from Peter’s Pence, an annual donation given by Catholics around the world which, according to the Vatican, is intended “for the many different needs of the universal church and for the relief of those most in need”.
CARDINAL PELL
Cardinal George Pell, the Vatican’s former economy czar, has said that if his office had been able to intervene sooner, it could have saved some of the money lost in the Secretariat of State’s controversial London property deal.
The Australian cardinal told the Italian newspapers La Stampa and Corriere della Sera in an interview published Nov. 4: “There was resistance in the Secretariat of State. But if the auditor, or we from the Secretariat for the Economy, had been able to intervene earlier, we would have saved a lot, a lot of money destined for the London building and also in other places.”
PAT SAYS:
When it comes to the RCC these days the problems are either SEX or MONEY or both.
Everyday there is at least one new RC scandal in the world.
It’s relentless. Never ending.
Today it’s £ 100,000,000 missing from Peters Pence money collected from all over the World to help the poor.
So it’s the poor who will suffer while RC prelates fill their cassocks with cash.
Italy should abolish the 1929 concordat and take the Vatican back into its own territory and make it subject to Italian, European and international law.
TUAM BABY PROGRAMME ON RTE ONE AT 10.15 PM
Tonight’s RTE ONE programme about the Tuam Babies is a must watch programme.
Prepare yourself to be shocked, angered and saddened.
This is one of the biggest rotten fruits of Irish Roman Catholicism.
BISHOP PAT BUCKLEY 