By Anne North Cornwall Council’s “strategic” planning committee has scrapped its remaining meetings for the…
“Dear Taxpayers, please can I have £500 million…” Branson on the brink
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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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.