We have covered the financial difficulties of The Kings College here and here.
Here is New York journalist Sam Thielman:
They’re currently facing financial hardship and possible closure as @ScottJaschik reports here: https://t.co/FjDTDWgAFE
— Gone Fishin’ (@samthielman) February 27, 2023
*2.6
— Gone Fishin’ (@samthielman) February 27, 2023
In 2021, King’s hired something called Primacorp Ventures (@primacorpinc) to do manage essentially all of its external finances—fundraising, marketing, student recruitment https://t.co/AyplJLFkHb
— Gone Fishin’ (@samthielman) February 27, 2023
Six months on the dot from the Primacorp announcement, King’s made Stockwell Day chairman of its board. They didn’t announce that they had done so until the following February, when they put five more extremely cronyish folks on the board with him. https://t.co/CE4Kr21ykP
— Gone Fishin’ (@samthielman) February 27, 2023
Barely a month later, Day announces that Primacorp’s “partnership” with King’s is going to radically expand into the scammy online college space. https://t.co/rkXkqnO0m6
— Gone Fishin’ (@samthielman) February 27, 2023
Now it really looks like King’s is going to close, despite having JUST, as in LAST MONTH signed a *12-year* lease. Maybe it’ll get acquired by a less naive but more rapacious institution, like Liberty or Hillsdale. Who knows? https://t.co/Y5k4StJBSA
— Gone Fishin’ (@samthielman) February 27, 2023
I suspect I know exactly who will end up owning that building. Here's an interesting dispatch from North Haverbrook, uh, Quest College: https://t.co/E0OOuv6esd
— Gone Fishin’ (@samthielman) February 27, 2023
So I guess my question here is: @crutweets, Bill Bright's name appears in pretty much every piece of boilerplate The King's issues. Are y'all comfortable with con artists like @stockwell_day and @primacorpinc tanking the place for cash? @Rodbergen pic.twitter.com/D09hxHbcsK
— Gone Fishin’ (@samthielman) February 27, 2023
we regret the error
— Gone Fishin’ (@samthielman) February 27, 2023
More from Warren, who's all over this story: https://t.co/8kGqa73SRc
— Gone Fishin’ (@samthielman) February 27, 2023
And here is Alissa Wilkinson, a writer and film critic who teaches English at The Kings College: