4.8 • 1.5K Ratings
🗓️ 1 May 2025
⏱️ 41 minutes
🧾️ Download transcript
As Richard Branson struggles to deal with the consequences of his arrest for tax evasion, Virgin expands its reach with the help of a breakout hit and a notorious punk rock band.
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0:13.0 | OneRoury! It's June 1971 in a back office at Virgin Records in London, England. |
0:34.7 | 20-year-old Richard Branson throws a pile of papers on his desk and leans back in his |
0:39.8 | chair covering his face with his hands. Normally, Richard leaves as much of the paperwork as possible |
0:45.8 | to his business partner. His dyslexia and discalculia slow down how quickly he can read, and |
0:51.8 | Richard knows his talents lie elsewhere. But these documents |
0:55.5 | are for Richard's eyes only. Last month, Richard was arrested by customed agents for tax evasion. |
1:02.0 | He'd been pretending to export records to Belgium to avoid paying British sales tax, and today |
1:07.0 | he received legal papers from the prosecutor, and they confirm what Richard already knew he's been caught red-handed. |
1:13.9 | The telephone rings, and Richard snatches it up. |
1:17.2 | He's been expecting a call. |
1:19.0 | Burgeon Records. |
1:20.3 | Good morning. May I speak to Mr. Branson, please? |
1:22.9 | You're speaking to him. |
1:24.4 | Mr. Branson, I'm calling from Spencer and Simpson, the law firm assigned |
1:27.8 | to your case. Yes, hello. I've just been looking through the paperwork now. It's not an |
1:32.9 | encouraging read, is it? Well, there is some good news. The tax authorities are usually more interested |
1:37.9 | in collecting money than spending it, so they'll want to avoid a lengthy court case as much as we do. |
1:43.2 | Based on the conversations I've had so far, they seem willing to negotiate a settlement court case as much as we do. Based on the conversations I've |
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