We had this in Dublin in the late nineties. People had been trading licences for 30 years in a grey market. Licences could change hands for up to 90,000 Irish pounds. That would easily have bought a house in say 1997/1998.
The government then deregulates licensing and issued lots of licences and that grey market collapsed.
Of course some saw it coming and lumped some other less clear sighted chap with the problem.
The government then deregulates licensing and issued lots of licences and that grey market collapsed.
Of course some saw it coming and lumped some other less clear sighted chap with the problem.
More here: https://www.google.ie/url?sa=t&source=web&rct=j&url=https://...