In 2008 (partially due to legal activity by the Barclay brothers),[32] Sark dismantled its 443-year-old feudal system of government on the premise that this was necessary to comply with the European Convention on Human Rights. [32] Sark's legislature decided to amend the inheritance law, allowing residents to leave property to any one of their children. Companies belonging to the Barclay brothers may be generating lots of revenue, but they are not producing lots of cash. In 1993, the brothers bought the lease of the island of Brecqhou in the British Channel Islands. They also closed and sold off the Littlewoods department store chain, with the largest parcel of 120 properties being purchased by Associated British Foods for leasing mainly to its subsidiary Primark,[15] while other stores were leased to Marks & Spencer, New Look and British Home Stores. He had obtained the discharge of his bankruptcy after David paid the creditors. Their Press Holdings company owns Apollo and The Spectator magazine and, through a wholly owned subsidiary (Press Acquisitions Limited), they also own Telegraph Group Limited, parent company of The Daily Telegraph and The Sunday Telegraph.[3]. Public domain Public domain false false: I, the copyright holder of this work, release this work into the public domain. Brecqhou, being the private home of the Barclays, is not really open to visitors and helicopters are used to ferry people to and from the island. [citation needed] In February 2015, Peter Oborne, the Chief Political Correspondent resigned from the newspaper in protest at its editorial direction. The brothers had previously warned that if the voters chose to bring back the 'establishment' Sark leaders that are still aligned with the feudal lord then they would pull out of Sark.[33]. In the mid-1990s, the brothers petitioned the European Court of Human Rights in Strasbourg, France, challenging Sark's inheritance law, which mandated their island be left to David's oldest son. The Barclay Brothers use a boat called the Brecqhou Warrior (pictured here on This is Guernsey) to run supplies to and from their island. The Guardian has stated that the brothers are tax exiles, and although they reside, at least some of the time, in Monaco (giving Avenue de Grande Bretagne, Monte Carlo as their address) they operate their businesses from an office in the United Kingdom. [26], The brothers' period as newspaper proprietors has been more tumultuous than their property interests. It is owned by David and Frederick Barclay, the reclusive British billionaires. A visit here is like turning a page back in history – horse-drawn carriages are the main transportation, most homes are quaint cottages, and light pollution is so negligible that Sark was awarded the honour of being the world’s only “Dark Sky Island” by the International Dark Sky Association. [40], "Frederick Barclay" redirects here. Photograph: Martin Argles for the Guardian The brothers bought the island for £2.3 million in September 1993. Thus it came as a surprise when Brecqhou resumed issuing stamps in 1999. During this time they redeveloped old boarding houses in London, and made them into hotels. [26][29] When asked if he was a tax exile, Frederick stated that he lived abroad for health reasons. In 1998 they bought and relaunched the Sunday Business newspaper with editor Jeff Randall. 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