In July this year, Howard Barclay told a court that prospective buyers of the Telegraph Media Group regarded the UK newspaper publisher as “a distressed asset” and it was “not going to be an easy asset to sell”.
He was testifying in a legal battle over the settlement between his uncle, Sir Frederick Barclay, and Sir Frederick’s ex-wife Lady Hiroko following their divorce. Lady Hiroko had yet to receive the money.
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