David and Frederick Barclay
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Sir David and Sir Frederick Barclay (both born 27 October 1934) are British businessmen. They are twin brothers and are frequently described as being reclusive, which their spokesmen deny. Their Press Acquisitions company owns the Edinburgh Evening News, Scotland on Sunday, The Business and The Scotsman.
As of 30 July 2004 they are also the owners of The Telegraph Group which includes The Daily Telegraph, The Sunday Telegraph and The Spectator, after months of intense bidding and lawsuits. The Spectator is a weekly magazine edited by the British Member of Parliament, Boris Johnson. The Telegraph Group was previously owned by Hollinger Inc. of Toronto, Ontario, Canada, the newspaper group controlled by Canadian-born businessman, Conrad Black. Hollinger Inc. continues to own the Chicago Sun-Times and the Jerusalem Post.
In 1993, they bought the island of Brecqhou, 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. In 2004 they were listed in 42nd place with an estimate of £750m.
External links
- BBC: Telegraph empire in tycoons' grip (http://news.bbc.co.uk/1/hi/business/3407563.stm) - 18 January 2004
- BBC: Profile of the Barclay Brothers (http://news.bbc.co.uk/1/hi/business/3407799.stm)
- The Scotsman: Barclay brothers land Telegraph group as £677m deal is finally done (http://business.scotsman.com/index.cfm?id=874012004)
- Barclays Take Over at Telegraph (includes links to related stories) (http://www.guardian.co.uk/business/story/0,3604,1272764,00.html)