Tycoon to take action if brother’s family tries to sell property for less than £1bn
Sir Frederick Barclay is threatening to launch legal action against his twin brother’s family if they attempt to sell the Ritz London hotel for less than £1bn.
The property has become the focal point in a power struggle between the two sides of the once secretive multi-billionaire family, which was thrust into the spotlight last week when the high court heard that Frederick had been secretly recorded in the hotel’s conservatory for several months by his nephew.
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