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| Topic: |
Biographies
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| Number of pages / Number of words: |
16 / 4430 |
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Branson earned enough money from his record store to buy a country estate, in which he installed a recording studio. He leased out studio time to fledgling artists, including multi-instrumentalist Mike Oldfield.
In 1971, Branson was arrested and charged for selling records in Virgin stores that had been declared export stock...
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He settled out-of-court with UK Customs and Excise with an agreement to repay the unpaid tax and fines. Branson's mother Eve re-mortgaged the family home to help pay the settlement[citation needed].
Virgin Records' first release was Mike Oldfield's Tubular Bells, which was a best-seller and British LP chart topper...
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