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However, in the summer of 2003, a year after Gordonstoun had bought North Foreland Lodge for £1 million, the school was closed, and in January 2004 the school's site was sold to the Varkeys group for £6 million, leading to allegations of asset stripping.
However his asset-stripping breakaway of the Church of England from the established church saw the friary dissolved on 10 October 1538 but the house remained standing until 1606 when it was partly pulled down on the instruction of Sir George More, who carried away the materials by leave of George Austen, possibly for substantial use in building the wing which More added to Loseley Park, Artington.