“Dear Taxpayers, please can I have £500 million…” Branson on the brink

Posted By on 20th April 2020

By Peter Tremayne The tycoon Richard Branson has published an extraordinary open letter to staff of his Virgin Atlantic airline – including the Virgin Connect airline, which is proposing to…

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  1. Caribbean private islands currently for sale approximate $60,000,000 each. Maybe, with the brand name of Necter, Branson’s developed holiday rental island could be worth double this sum, or even treble.
    It is clearly not a very secure collateral asset for a loan of £500,000,000.
    I would also read the small print of the loan agreement very carefully.

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