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Sir Richard Branson selling his stakes in Galactic to prop up Virgin Atlantic

 
Anonymous Coward
User ID: 76124364
United Kingdom
05/11/2020 11:12 AM
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Sir Richard Branson selling his stakes in Galactic to prop up Virgin Atlantic
Sir Richard Branson is selling a stake in Virgin Galactic to raise $500m to prop up his other businesses including Virgin Atlantic.

The billionaire has been criticised for seeking financial help from the taxpayer for the airline.

Sir Richard will now sell a share of his space exploration business.

[link to www.bbc.co.uk (secure)]

This is the guy who made his millions through then bought an island in the Caribbean to not pay taxes to the UK is spitting his dummy out because the UK wont bail him out!





GLP