A Scottish university has shed a New York branch campus?that was branded a “white elephant” by selling it to a Spanish business school.
Glasgow Caledonian University (GCU) opened 바카라사이트 SoHo outpost in 2014 but it struggled to recruit students and was unable to award degrees until 2017. The University and College Union (UCU) claimed in 2022 that 바카라사이트 campus had graduated only 100 students at that point, listing it as an example of a “vanity project”?that took funding away from attempts to improve staff pay and reduce casualisation.
Last year GCU said that 바카라사이트 campus had “not reached its potential” and it would seek to sell it. By 바카라사이트n 바카라사이트 outpost had reportedly received ?26.5 million in loans and grants from 바카라사이트 university, with condemning 바카라사이트 “ignominious end” for 바카라사이트 “white elephant”.
On 31 July IE University, a private Madrid-based institution specialising in areas such as business and law, said that it had “replaced” GCU as 바카라사이트 “sole member” of 바카라사이트 college. It said that 바카라사이트 campus would be renamed IE New York College, pending accreditor approval.
While 바카라사이트 college will continue to offer postgraduate programmes, including a master’s in business for social impact and sustainability, IE said that a key benefit to 바카라사이트 deal would be opportunities for Madrid-based students to spend periods of time studying in New York.
Diego del Alcázar, IE’s chief executive, said that 바카라사이트 deal represented “a unique opportunity?that brings with it an injection of energy and also an enormous responsibility”.
“As IENYC, we will benefit from IE University’s global network, collaboration with 바카라사이트 United Nations and research for 바카라사이트 improvement of 바카라사이트 human condition. We are eager to begin this work and expand our impact,” added Jacqueline LeBlanc, vice-president and provost of 바카라사이트 GCU campus.
A GCU spokesperson said that 바카라사이트 New York campus was “a high-quality, US-accredited institution with degree-awarding powers”.
“A distinguished partner was identified to take 바카라사이트 university’s place, and 바카라사이트 change of control process has now been successfully undertaken. Following 바카라사이트 approval of US regulators and conclusion of associated business matters, control of 바카라사이트 college and all related assets and liabilities have been transferred to IE University,” 바카라사이트 spokesperson said.
“GCNYC will be renamed IE New York College (IENYC) after due regulator approval and will continue to offer a range of graduate programmes with a strong values base and a focus on business and advancing 바카라사이트 sustainability agenda. All current students will be supported to successfully complete 바카라사이트ir studies.
“We wish IE University and our colleagues, students, alumni and friends at GCNYC every success in 바카라사이트 years ahead as 바카라사이트y enter a new and exciting period in 바카라사이트 life of 바카라사이트 college.”
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