The Telegraph and The Spectator figure among the most prized assets in the Barclay family’s £6.5bn portfolio But the publications may now be heading for sale as financial wrangling and legal disputes dog the business dynasty 🔎 Big Read by cahalmilmo
Such is the Barclay brothers’ enduring reputation for ferociously guarding their privacy that few associates will talk publicly about any dealings. It is understood that Aidan and Howard, along with their advisers, have since 2019 sought a means to trim the family’s portfolio of assets and effectively buy-out other family members who wish to pursue other avenues.
It is a situation seemingly made more onerous by the delicate relations between varying elements of the clan. After decades in which Sir Frederick and Sir David shunned publicity to the extent that practically the only known photographs of the pair were taken when they attended Buckingham Palace to be vested with their knighthoods for services to charity, the family has of late endured considerable limelight.
But while the brothers were doubtless able to take some satisfaction from seeing ties severed with Brussels, a storm closer to home was brewing. Within weeks of Brexit, a sulphurous legal row between Sir Frederick and his nephews broke into the open with Sir Frederick accusing his brother’s two older sons – Aidan and Howard – and youngest son, Alistair, of bugging his conversations in the conservatory of the Ritz.
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