Richard Branson offers up private island to save Virgin airlines - Business Insider

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Richard Branson is offering up his private island as collateral in order to save Virgin Atlantic from collapse

In his letter, Branson noted that Virgin Group operates within many of the industries hardest-hit by the coronavirus, including "aviation, leisure, hotels, and cruises."

"I've seen lots of comments about my net worth — but that is calculated on the value of Virgin businesses around the world before this crisis, not sitting as cash in a bank account ready to withdraw," he said. asking the British government for a loan estimated to be worth about £500 million .

 

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Non essential business

Go take a parachute and jump.

Sod that..get him to mortgage it and use that money...but he wont

Why doesn’t he sell the island instead?

Pay tax in this country before you want a handout from this country, scamming is illegal in this country!!

I hope you lose everything you greedy blood sucker

Didn’t that get destroyed in a hurricane

It seems that Britain is looking it's place as a global competitor. Looking around there is not much British business and while I don't like asset stripping I feel there is some room for negotiation

Known as amortisation akin to Beckham and the Duke of Westminster - the readjustment of assets in order to allay and reduce the tax burden!

Great move Sir Richard,please advise argus mission, its martinique st martins region 'turtles' islands of the seafarers,with vella island maldives and heron island queensland,the chief child abuser mel gibson turtle island fiji. His son lives there, shops in Qld richardbranson

What is giveth, is taken awayith All giant wankers, it’s time to put on your big boy pants

Yes I'm sure he will be in danger of losing it.

Beyond saving

Aww shucks

IronFalcon77 CoreysDigs

Except Tatas, Birlas Whoelse will come forward in India to save millions of workers

Shame

kuku27 Island is no use as asset for 10 years, it will not be accepted by any lender

I wonder what they writein the docs...

Extreme measure for difficult times.

selfish

Gtfoh

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