Sir Frederick Barclay received £800,000 from his nephews. for legal settlement battle over alleged “commercial espionage on on a massive scale,” including eavesdropping of thousands of his private talking at fivestar The Ritz Hotel, the court was told.
it also appeared in high court on The Tuesday that the feud played out between two parties of Barclay family, which owns the Telegraph media group as well as Yodel and Shop Direct, cost businessman and his daughter Amanda £7.5m in legal services.
When questioned by Sir Frederick’s lawyer, Stuart Leach QC, acting for Sir Frederick’s ex-wife, Lady Hiroko, in contempt case that could see 87-year- the old billionaire prison said: “In the end of litigation, which cost Amanda and your client £7.5 million should have been £800,000. So not much of come back for 7.5 million pounds.”
Marcus Dearl, who testifies in a business on on behalf of of Sir Frederick, because of his age and health, did not answer.
AT issue in the hearing is why Sir Frederick did not pay the £100 million he was ordered to pay to his wife. of 34 years in divorce decree awarded in March 2021.
Sir Frederick’s lawyers say they were unable to raise funds. Mr Leach read out proof of what’s in the heart of the case involved “both” liquidity problems arising from heavy debt or “highly leveraged core businesses” and “nephews cutting off funds”.
Despite this, the sons of Sir Frederick’s late twin brother Sir David Barclay, Aidan, Howard and Alistair contributed nearly £1 million towards their uncle’s divorce. battle after it daughter, who holds a stake worth 25% in in family businesses stopped funding her father’s defense.
Although the nephews were not involved in the divorce, they asked of case to be heard in private application opposed by Guardian News and Media and others of press and largely dismissed by Sir Jonathan Cohen, citing the seriousness of contempt proceedings.
On Tuesday, a judge rejected the nephews’ proposal to prevent media from revealing that Sir David is buried on Brecqhou, Channel Island, which he jointly owned with his brother.
Court also heard that, in 2014 series over in business and inheritance led to a fist fight between twins with Sir David then drove Sir Frederick off the island.
Read proof out Charles Howard QC representing Sir Frederick said that when, in October 2019, his client wrote to him brother on a note from the Ritz asking you to come to Breckhow in in order to evaluate it reply was short.
“My answer is a resounding no,” Sir David wrote to his twin. brother. “First of all, Brekhu belongs to me and my wife. house. this is serious invasion of our privacy and how you know we value our privacy.”
He also wrote that although Sir Frederick owned half of ownership of Brecqhou, it was “nearly useless” considering fact brothers put 150-year rent on island in 2000.
Read in the letter out in Howard’s court, Sir David appreciated his brother’s interest in island in just £75,000.
During cross-examination, Lady Barclay said that this was “typical David” and poured contempt on on grade. As evidence, she pointed out out that Sir Frederick’s way of life had not changed, and said that Sir David’s widow homes in Monaco, Gstaad and London, as well as Breckhow.
In a statement made after the armistice in the wiretapping case was named in June 2021, Barclay family said: “We are glad that family we can put this hard period behind us now look forward our future together. In these turbulent times, unity within the family more important as ever. We are grateful to all those who helped us resolve this is issue”.