Whats next for Blue Sky?, page-54

Here is another additional tidbit for the complex web of inter company relationships:

Ernst & Young, the auditor is also their landlord and is paying them $900k + per year in rent for a 10 year lease starting in 2015.   Now those leases would have had increases, I assume 3% or 4% pa, so thats gotta be close to $980k per annum now.

So lets just step back for a second:
- $900k Rent (ignoring the increases)
- $340k in non audit services
- $296k in auditing

So Blue Sky is just the gift that keeps giving for EY, circa $1,536,000 a year...

https://www.copyright link/brand/re...lue-skys-auditor-and-landlord-20180625-h11u0w

You gotta think its time for a new auditor????