Barclay brothers
Sir David and Sir Frederick Barclay (born 1934) are British businessmen who co-own of the newspaper The Scotsman. They are twin brothers, and are frequently described as being reclusive. In January 2004 it looked likely that the brothers would take control over The Telegraph and the rest of the Hollinger Group.
Since 1993, they have owned the island of Brecqhou, which is one of the Channel Islands, located just west of Sark. 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.
In 2003, they were listed in joint 34th place in the Sunday Times Rich List, which estimated their combined wealth as at least £650,000,000. It stated property, media, and hotels as the main sources of their riches.
Until January 2004 The Daily Telegraph was owned by Hollinger Inc. of Toronto, Ontario, Canada, the newspaper group controlled by Canadian businessman, Conrad Black. Hollinger Inc. also owns the Chicago Sun-Times, the Jerusalem Post, and other right-leaning publications such as The Spectator, a weekly magazine edited by the British Member of Parliament, Boris Johnson. From November 2003 to January 2004 Conrad Black's control over the newspaper and Hollinger, Inc. was reduced due to apparent financial impropriety.
On January 18, 2004 it was reported that the brothers were very likely to take control of the Hollinger Group, owners of the Daily Telegraph, and other magazines, valuing the company at £200m, more than twice its quoted value.
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Referenced By
Daily Telegraph | Hollinger | Hollinger Inc. | Hollinger International | London Daily Telegraph | Sunday Telegraph | The Daily Telegraph | The Sunday Telegraph | The Telegraph | Torygraph
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