2023-05-04 06:57:29
Sir Richard Branson has told the BBC that he has never faced media coverage as “painful” as when he attempted to acquire a loan for his Virgin Group during the pandemic.
Virgin reportedly asked the government for a £500m bailout, which drew criticism due to Sir Richard’s personal wealth.
The government refused the loan but a private rescue deal eventually saw the Virgin Group inject £200m, with an additional £1bn provided by investors and creditors.
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