Originally Posted by
kanderson1965
If that is the case what would be the point of investing to such an extent? I expect this will be the outcome, no one will want a 49% non controlling share, too much risk with too little control. The alternative, a larger number of minority shareholders with shallow pockets and potentially less interest in the business due to lower stake.
Best thing to do is sell the 49 % back to SRB, as he is so passionate about "his" airline, and let him sink or swim.
SQ have had a non controlling interest for a number of years. You might be better to ask the SQ board on the reason why they invested in VS.
Branson owns 51% Unless he decides to sell enough shares to give someone else a controlling interest...he will be the majority shareholder.
Those are the facts.