Sir David Rowat Barclay and Sir Frederick Hugh Barclay (both born 27 October 1934),[1] commonly referred to as the "Barclay Brothers" or "Barclay Twins", are British billionaires. [5], From the late 1960s onwards, the Barclay brothers continued to build up stakes in a variety of businesses, including breweries and casinos. This grand castle, dubbed Fort Brecqhou, is located on Sark Island, which is a small island in the Channel Islands in southwestern English Channel, off the French coast of Normandy. When booking a trip to the storied isle of Sark, one of the last traditional Norman fiefdoms in Europe, visitors will now have the added opportunity to explore the little-known neighbouring island of Brecqhou. When asked if he was a tax exile, Frederick stated that he lived abroad for health reasons. [37][38] CCTV footage released by Sir Frederick to the media on 18 May 2020 shows Alistair Barclay handling the alleged bugging device in the conservatory of the Ritz Hotel "where Sir Frederick liked to conduct business meetings and smoke cigars. “Brecqhou is a special place to visit for anyone coming to the Channel Islands,” he said. [1], In 1955 David married Zoe Newton, a grammar school girl who trained as a ballet dancer, at St John the Baptist Church, Holland Road, Kensington. Brecqhou is one of the Channel Islands.It is part of the Bailiwick of Guernsey.It is just west of Sark and has a surface area of about 200 acres (0.81 km 2; 0.31 sq mi).. This was almost all profit: they acquired the website after it was set up as a joint venture between Hollinger International and the Boots Group in 1999. [7] She appeared on television and in the Dairy Council advertisements as the "drinka pinta milka day" girl.[8]. [34] Their challenge was dismissed, but the Barclays said they would continue to fight, taking their case to the European Court of Human Rights in Strasbourg. They spent £370 million on Gotaas-Larsen, a Bermuda-based shipping company, and £200 million on the Automotive Financial Group, a motor retail chain in 1994. Nonetheless, they have invested heavily in Sark over the years, now owning several hotels and much land on the island, and have involved themselves in its politics. Media in category "Brecqhou" The following 19 files are in this category, out of 19 total. On 28 March 2012, BBC Radio 4 dedicated part of its Today programme to analysis of the Barclay brothers' role in Sark. The Brothers bought the island for £2.3 million in September 1993. As of February 2020, Aidan Barclay, his son Andrew and two brothers face legal action for misuse of private information, breach of confidence and breach of data protection laws. As the last remnants of what was once the vast Duchy of Normandy, established by Viking raiders in the 9th century, Sark and Brecqhou have an abundance of fascinating historical sites, as well as being blessed with natural beauty and a sunny climate. The Barclay brothers’ $75 million, 92-room estate, on the island of Brecqhou, in the English Channel. In July 2004, the Barclays bought The Telegraph Group (now Telegraph Media Group), which includes The Daily Telegraph, The Sunday Telegraph, and The Spectator after months of intense bidding and lawsuits. The brothers wanted to will their estate equally to their four children. Then there’s the castle—the perfect physical manifestation of the brothers’ gaudy secrecy. The Ellerman deal helped the Barclays develop the strategy of buying companies, breaking them up and profiting from the real estate. Their businesses have been accused of tax avoidance, by placing assets under ownership of companies registered abroad and controlled through trusts. One of the Barclay brothers’ nephews has publicly criticised their billionaire uncle after he accused him of secretly recording his conversations. [10], In 2004, they were listed in 42nd place with an estimate of £750 million on The Sunday Times Rich List, and in 2006, they were ranked 24th with a value of £1,800m. They are identical twin brothers, and have very substantial business interests primarily in media, retail and property. Frederick and David Barclay, identical twin brothers and billionaire owners of The Daily Telegraph newspaper, purchased the island of Brecqhou in 1993, and set about renovating it dramatically with a large Gothic-style castle, complete with battlements, two swimming pools, and a helipad. However in reality it is traversed frequently by yachts during each summer and by fishing boats year round and even forms a part of the route taken by occasional powerboating events in the islands. Visitors can now tour the private gardens, vineyards and chapel of Sir David and Sir Frederick Barclay, who bought the tiny Channel Island in 1995. After the 2008 election, the brothers claimed that the presence of two unelected figures on Sark's government – the seigneur and the seneschal, the local judge – was unjustifiable. Thankfully, a protective railing was built in the early 20th century, one of the seldom-seen changes made on the islands. Perhaps this controversy has cooled down, however, as shown by the new arrangement between four luxury hotels on Sark and the Barclays. Since their purchase of the tenement of Brecqhou, the Barclays have been in several legal disputes with the government of Sark over such issues as the Barclays' violation of Sark's law banning motor cars. The independence of these islands, of course, will draw in some rather independent personalities. The weekly paper became a high-end business tabloid, but closed in 1998. Brecqhou from the air.JPG 3,978 × 2,535; 4.31 MB. Under the Reform (Sark) Law 1951, the tenant is David Barclay. [16], Two years after the brothers' acquisition of Littlewoods Ltd., HM Revenue and Customs repaid the company VAT that it had charged in breach of EU law. They later sold its brewing division for £240m. By the end of the 1950s, the brothers were running Candy Corner, a tobacconists and confectioners on the edge of Kensington. In 2008 (partially due to legal activity by the Barclay brothers),[32] Sark dismantled its 443-year-old feudal system of government on the premise that this was necessary to comply with the European Convention on Human Rights. Jason Seiken was made editor-in-chief and chief content officer of Telegraph Media Group in October 2013, but announced his departure after 18 months in April 2015. Since the purchase the Barclays have been in several legal disputes with the government of Sark, and have expressed a desire to make Brecqhou politically independent from Sark. On 9 April 2008, the Privy Council approved the Sark law reforms, and the first elections under the new law were held in December 2008. In the mid-1990s, the brothers petitioned the European Court of Human Rights in Strasbourg, France, challenging Sark's inheritance law, which mandated their island be left to David's oldest son. Brecqhou, being the private home of the Barclays, is not really open to visitors and helicopters are used to ferry people to and from the island. You can see movements of the Brecqhou Warrior on a maritime movement website. In 1993, the Barclay brothers bought the tenement of the island of Brecqhou, a small sister island of Sark, one of the Channel Islands. In Sark, the word tenant is used, and often pronounced, as in French in the sense of feudal landholder rather than the common English meaning of lessee. As part of a February 2004 judgment, an American judge, Leo Strine, accused the Barclay brothers of being "less than fully candid", adding they had "remained silent while Lord Black misled the Hollinger Inc. International board", remarks that incurred the brothers' wrath, with David branding the criticisms "grossly unfair". [17] However, Littlewoods argued that the company was owed a compounded interest rate and subsequently sued HMRC for £1 billion. During this time they redeveloped old boarding houses in London, and made them into hotels. In 1975, they bought the Howard Hotel, overlooking the Thames at Temple Place. The Sunday Times Rich List of 2020 estimated their wealth at £7 billion. A small Channel Island owned by the prominent Barclay Brothers has opened its magical gardens and vineyards to the public with new day tours. For the New Zealand cricketer, see. [citation needed] In February 2015, Peter Oborne, the Chief Political Correspondent resigned from the newspaper in protest at its editorial direction. Photograph: Martin Argles for the Guardian [citation needed]. The deal was bankrolled by HBOS, which also took a five percent equity stake in the brothers' bidding vehicle, LW Investments. She was replaced by Ian McGregor one year later. [19][20] Yodel (which operates via Home Delivery Network Ltd.) suffered a £130 million loss in 2011. Sark, being small and lacking in industry, has a tourism-based economy that has flourished with the establishment of small luxury hotels and, for some well-to-do Brits, the lure of advantageous taxation policies. The brothers had previously warned that if the voters chose to bring back the 'establishment' Sark leaders that are still aligned with the feudal lord then they would pull out of Sark.[33]. “Over the past 16 years around 190,000 trees, shrubs and flowers have been planted on Brecqhou and the landscaped gardens have developed and matured into an idyllic haven for 2,000 species.” Of course, giving visitors the chance to get a glimpse at the famous Barclay Brothers’ private castle won’t hurt Sark’s tourism, either. Sir David's son, Aidan, manages their UK businesses. During their ownership of The Scotsman, the newspaper had seven editors in nine years (see The Scotsman: Editors). This applies worldwide. [11] In 2012, they topped the Media Rich List with an estimate of £2.25 billion. By 40 tenants representing the parcels of the island Brecqhou just of Scotsman... Overpaid VAT and £268 million in September 1993 1975, they bought the Scotsman newspaper, and them... 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