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“Farewell with respect and admiration to Sir David Barclay,” Britain’s prime minister, Boris Johnson, who had twice labored for The Telegraph, as a Brussels correspondent and as a political columnist, stated on Twitter. The newspaper was based as The Daily Telegraph and Courier in 1855.
Mr. Johnson lauded Mr. Barclay as somebody who “rescued a great newspaper, created many thousands of jobs across the U.K., and who believed passionately in the independence of this country and what it could achieve.” Mr. Barclay supported Britain’s decision to depart the European Union.
David Rowat Barclay was born on Oct. 27, 1934, in London 10 minutes earlier than his twin brother. The household was a big one; completely different accounts put the variety of kids as excessive as 9. David was evacuated a number of occasions as a baby through the Blitz. His father, additionally named Frederick, was a touring salesman who died when the twins have been 13, The Telegraph stated. Their mom was Beatrice Cecilia (Taylor) Barclay.
After leaving faculty, Mr. Barclay held jobs within the accounts division at General Electric and as a decorator, and ran a nook store. In 1961, the brothers arrange an property company in West London.
They started shopping for accommodations in London within the late Sixties and a decade later started branching out into different industries, buying the delivery firm Ellerman Lines. Over the following 4 a long time the brothers constructed their wealth by shopping for and promoting breweries, delivery corporations, media teams, retailers and accommodations, together with Claridge’s, which led to a bitter ownership battle about seven years in the past.
Their first foray into media was in 1992, after they purchased a brand new weekly newspaper referred to as The European; it went out of enterprise six years later. They purchased The Scotsman, based mostly in Edinburgh, in 1995, and owned it for 10 years; two years later they purchased the monetary newspaper Sunday Business, which closed 11 years later.
The brothers’ preliminary try to purchase the Telegraph Group from its Canadian owners, led by Conrad M. Black, in a private deal in 2003 was blocked by U.S. courts. But in June 2004 they secured the corporate at public sale for £665 million.
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