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The new left-wing political movement provisionally known as 'Your Party,' spearheaded by Jeremy Corbyn and Zarah Sultana, is facing a severe internal crisis and public scrutiny just weeks before its foundational conference, centred on the control and transfer of approximately £800,000 in crucial startup donations, Daily Dazzling Dawn realized.
The financial stand-off involves prominent MP Zarah Sultana, who is now the sole director of MoU Operations Ltd, the temporary company established in April to collect the initial surge of donations and data from thousands of enthusiastic supporters before the party achieved formal legal and Electoral Commission registration on September 30th.
£800,000 at the Heart of the Crisis-Senior figures within 'Your Party' have accused Sultana of withholding the substantial sum, which is seen as essential for funding the inaugural founding conference in Liverpool on November 29th and 30th. This delay has already sparked anger among insiders, who claimed the party would be "forced to reduce delegate numbers" at the event, underscoring the critical nature of the funds.
The plan was for MoU Operations Ltd to transfer all assets to 'Your Party' upon its official registration, and then be wound up. However, the money, believed to be around £800,000, was not transferred. The dispute intensified recently when the founding board of MoU, which included former Labour mayor Jamie Driscoll, resigned en masse. Their joint resignation statement insisted they wished to transfer the funds but accused 'Your Party' officials of ignoring questions regarding governance and legal liabilities. Conversely, 'Your Party' sources have dismissed these complaints and claimed that multiple proposals to move the funds were ignored by MoU.
Sultana has publicly maintained that she is "in the process of transferring all funds and data" but is conducting "essential due diligence" as part of this process. Sources close to her have insisted the situation is temporary and that the cash will be moved "100%" as soon as practically possible, denying any deliberate delay.
Escalation to Legal Threats and Public Scrutiny-The simmering internal tensions boiled over into public view with multiple reports suggesting 'Your Party' was preparing to launch legal action against MoU Operations Ltd over the retention of the funds, marking at least the third public threat of legal action among senior party figures since mid-September.
This latest financial row follows an earlier public spat in September when Sultana unilaterally launched a paid membership portal through a 'Your Party' email account, collecting payment and data from an alleged 20,000 people via a system linked to MoU. Co-founder Jeremy Corbyn branded this move "unauthorised" and publicly urged supporters to cancel direct debits. Sultana, at the time, had accused Corbyn and his allies of a "sexist boys' club" for allegedly sidelining her, though the two leaders later claimed to have reconciled, with Sultana dropping her earlier threat to hire defamation lawyers.
The money collected through this unauthorised membership scheme is not expected to be transferred to the party, as those who paid are reportedly entitled to a refund—a complex administrative and financial liability Sultana, as the sole director of MoU, will now have to manage, further complicating the £800,000 transfer.
Sultana and the Party's Future-The protracted financial dispute and the handling of the unauthorised membership launch have drawn sharp criticism toward Zarah Sultana and the broader political vehicle. Party sources, speaking to the media, have reportedly called the situation "totally undemocratic" and pointed to a perceived "lack of governance at the top." One source claimed the situation meant "Your Party has ended up in the invidious position of having one of its members control hundreds of thousands of pounds of its money." Supporters who signed up have voiced frustration, with some calling the public split "embarrassing" and a "bit of a shambles," questioning the party's professionalism.
The prolonged inability to secure its primary funding and achieve stable internal governance creates an existential risk for 'Your Party'. If the money remains tied up, it severely compromises the party's ability to operate, organise its crucial founding conference, and build a lasting, professional political machine. Political commentators suggest that the continued factionalism and financial disputes risk the party imploding, potentially alienating its large base of support and ultimately failing to establish itself as a credible force to the left of the Labour Party, despite Sultana’s ambitious goal of a "40-year project" aimed at "running" the government.
The party is set to proceed with its conference where members will vote on the official name—Sultana has pushed for 'The Left Party'—and agree on a constitution, including the crucial decision on whether to adopt a single or co-leadership model. Sultana has stated her hope to co-lead with Corbyn but is ready to "throw her hat in the ring" if a single leader is preferred. However, without resolving the financial crisis quickly, the party risks having its inaugural event and the subsequent leadership contest overshadowed by allegations of financial mismanagement and internal chaos.
