Tuesday 16 June 2009

Mystery Barclays payment leaves us feeling a little Green

Apparently, Amanda Staveley, isn't the only person who got a big fee for helping Barclays Bank secure a lifeline from the Middle East.
Sir Philip Green, the feisty retailer behind Top Man, also got £12 million, I am told.
Staveley, you will recall, is the former girlfriend of Prince Andrew who nearly went bankrupt before establishing a career as a fixer.
She got £40m for helping line up a £7bn cash injection by Sheikh Mansour bin Zayed al Nahyan.
If you ask Barclays about Sir Philip, they get sniffy and a little defensive. "We didn't give him any money," say the bankers.
The money isn't disclosed in the prospectus, so if this tale is true we must assume that it was paid by somebody else in the chain. Surely not?

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