The Barclay family did not enjoy a big windfall after selling the Ritz hotel for about £750m.
Instead, the proceeds from the sale to Qatari businessman Abdulhadi Mana al-Hajri in 2020 largely went to other creditors.
The family owes about £1bn to Lloyds Banking Group, which took control of the Daily and Sunday Telegraph and The Spectator magazine after talks with the Barclays about repaying its debts broke down.
