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Probe into Merseytravel's £1.7m Beatles black hole

Friday, October 04, 2013

An investigation is under way into why £2m of Merseyside taxpayers’ money was spent on Beatles memorabilia that turned out to be worth only £300,000.

The ECHO can reveal that items, including a pair of John Lennon’s glasses and George Harrison’s first guitar, bought by Merseytravel in 2008, have been revalued and found to be worth only £300,000 – £1.7m less than the original valuation. And the ECHO has learned that lawyers for the passenger transport authority – which bought The Beatles Story museum in the Capital of Culture year – had raised concerns over the valuation at the time.

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Source: Liverpool Echo

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