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Shab
28 Jun 16 19:23
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Date Joined: 01 Mar 05
| Topic/replies: 2,632 | Blogger: Shab's blog
I have watched Richard Branson on TV today and he looks close to tears. Now I know his space rocket is costing an awful lot of money, and I know he was lining up Virgin Money to be sold, which is now looking unlikely.

SO I reckon that he is looking so bad as he has realised that he is skint. Watch this space.
Pause Switch to Standard View Is Branson near bankruptcy?
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Report Ski-Wiz June 28, 2016 8:10 PM BST
Always rich people whinging about their money and blaming the poor. How so comical.LaughLaughLaugh
Report ----you-have-to-laugh--- April 4, 2023 12:10 PM BST
Maybe
Report sageform April 4, 2023 12:25 PM BST
And often trying to get hold of taxpayers money to fund their latest wheeze. I have never trusted him since he went public (launched on London Stock Exchange) with his original Virgin company, trashed the share value in 2 or 3 years and bought it back himself for half of what he sold it for.
Report i_agree_with_nick April 4, 2023 1:01 PM BST
When they announced the floatation, I went into the Virgin Megastore on Oxford Street and asked the girl on the counter for a copy of the Prospectus.  "Do you want that on album or CD?", she replied.
Report xmoneyx April 4, 2023 1:35 PM BST
alot of his virgin hotels he doesnt OWN

he puts his name on it & pays the owners
Report Dr Crippen April 4, 2023 1:48 PM BST
Onions are the only things that would make him cry.
Report i_agree_with_nick April 4, 2023 2:02 PM BST
Sounds like he's in a pickle.
Report dambuster April 4, 2023 2:20 PM BST
Wasn't he married to the actress Pat Coombes a few years back ?
Report Whisperingdeath April 4, 2023 5:26 PM BST
He doesn’t put his own money up. He takes other people’s idea’s and hard work and uses other peoples money.
He does get shares in all his ventures and he will lose paper value on them.

I don’t like the geezer but I am sorry if the space jam is failing because the company will employ many good scientists. I would also imagine he put a lot of his own time and energy into this project as it is a passion of his and though I did not see any footage any emotion may well have come from the heart.
Report EUGENE KRABS April 4, 2023 7:29 PM BST
Last thing he got right was signing the Sex Pistols Crazy
Report peckerdunne April 4, 2023 7:33 PM BST
A typically British thread.

Geezer started with nothing, lives on a little boat on the Thames for sometime.
Report Whisperingdeath April 4, 2023 8:51 PM BST
Nothing?

How does a poor little boy embezzle tens of thousands of pounds from Her Majesty and avoid a criminal conviction and more than one night in jail pecker?

His dad was a Judge and quite literally bailed him out by paying the Tax he cheated on and a huge fine. How poor was his dad?

I heard a girl gif sent to jail for stealing a bottle of water. She was so poor that her dad was not allowed to pay for the water to stop her going to jail!
Report peckerdunne April 4, 2023 9:02 PM BST
The system is stacked, we both agree, it's not fair, it needs tearing down.

However he created an awful lot of tax paying employees with very little cash and a fair bit grit.
Report Whisperingdeath April 4, 2023 9:08 PM BST
True Prcker

Luckily for them he had a rich daddy and no criminal conviction
Report irishone April 4, 2023 10:24 PM BST
nice geyser

glad hes done well for himself
Report Whisperingdeath April 4, 2023 10:27 PM BST
He us pretty handsy with the ladies Iris almost creepy
Report irishone April 4, 2023 10:32 PM BST
yeah me too , especially the stewardesses.... definitely creepy in your dark first class cabin flying back over the Atlantic.
Report irishone May 4, 2023 8:14 AM BST
Sir Richard Branson has said he feared he was going to lose his entire business empire during the pandemic.

The British businessman said he found a media backlash "painful" after the Virgin Group asked the UK government for a loan to save the company.

Given his personal wealth and home on a Caribbean island, he was criticised for asking for a bailout when airline Virgin Atlantic hit trouble.

Sir Richard told the BBC he personally lost around £1.5bn during the pandemic.

The struggles to save his businesses left him "a little depressed" for a couple of months, he said. "I'd never experienced that before in my life."

He explained: "We had 50, 60 planes all on the ground, and the health clubs all closed, the hotels all closed. And the worst [case] would have been 60,000 people out on the streets."

The support the company requested was, he said, "not gifts from government, but underwriting loans so the cost to the airline... was not prohibitive."

The government refused his request for a reported £500m bailout, however. A private rescue deal eventually saw the Virgin Group inject £200m, with an additional £1bn provided by investors and creditors.

"There was a time when I thought we were going to lose everything," Sir Richard said. "We sold shares in companies that were public and that was one way we managed to find money."
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