Frederick Barclay threatens to sue members of his family if the Ritz hold was sold for less than £1bn

Sir Frederick Barclay has threatened to sue members of his family if the Ritz hotel was sold for less than £1bn,  as the intervention comes just weeks after he took legal action against his nephews over allegations that they secretly bugged a room in The Ritz to eavesdrop on his private conversations with his daughter Amanda.

The Ritz hotel on the market attracted  LVMH and wealthy investors from Saudi Arabia and Qatar.

In 2018, LVMH bought Belmond, the London based owner of Venice’s Hotel Cipriani and the Orient Express train service.

The Ritz is considered to be one of London’s most coveted properties and a sale would be the first time in 25 years.