article_snippet: Professor George Holmes, who was recently lent almost £1million by the University of Bolton so he could move house, owns a private yacht which is moored less than ten miles from the hotel.
article_snippet: May. Professor Holmes, a former adviser to Labour whose yacht is moored at a marina on Windermere, addresses each group
article_snippet: A university spokesman said the scheme was part of a multi-million-pound investment in teaching and learning infrastructure, adding: ‘For the avoidance of doubt, whose yacht belongs to the vice-chancellor personally and is operated, maintained and moored at the vice-chancellor’s own expense.
article_snippet: ‘whose yacht is not university property and has no relevance to the University of Bolton
article_snippet: Last month, Windermere was revealed that the University of Bolton gave Professor Holmes a two-year £960,000 loan to buy a house nearer the campus without Bolton having to sell Bolton home in Wakefield, West Yorkshire.
article_snippet: Professor Holmes, who in 2013 was paid a £47,200 bonus on top of his £198,200 salary, bought an imposing Edwardian detached house, described by estate agents as a sublime example of the Arts and Crafts movement.
article_snippet: It is understood the £920,000 property acts as both his personal home and a space to host VIP dinners and events connected with the University of Bolton.
article_snippet: The loan, at a 3.25 per cent interest rate, is due to be paid back once the Wakefield home is sold.
highlights_snippet: Vice-chancellor owns a yacht moored less than ten miles from the hotel .
  