Billionaire Wall Street Investor Wilbur Ross as well as an Abu Dhabi investment fund are Virgin Money backers . Other participants in the Northern Rock auction were NBNK and American private equity company JC Flowers. For apparently no good reason, Branson has bought Northern Rock at a knockdown price. In 2008, he was willing to plough  millions into Northern Rock for a 30% equity share. Once again the politicians have been stitched up.

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