It’s no surprise to see that the clearest winner in the Clydesdale/Yorkshire bank takeover of Virgin Money - Richard Branson.
He is the owner of the Virgin Money brand. Virgin Money was paying £8m annually for the licence, but the sum will now rise to £12m and then to £15m. He gets a fat cheque each year for simply owning the rights to the name and doing nothing else.
He is the owner of the Virgin Money brand. Virgin Money was paying £8m annually for the licence, but the sum will now rise to £12m and then to £15m. He gets a fat cheque each year for simply owning the rights to the name and doing nothing else.
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