Monday February 17, 2020

Tycoon Ricci wrote to Noonan about state assets

Barclays boss offered his help with any sell-off, but meeting became a ‘saga’

28th June, 2015
Ricci wrote to Noonan the following day: “It was a pleasure to meet you on Monday, and to share thoughts on how to best stimulate activity in the domestic economy.”Rich Ricci attends a race meeting at Ascot: the multimillionaire met Michael Noonan in 2012 to discuss the sale of state assets Picture: Getty

Rich Ricci, the multimillionaire racehorse owner and former Barclays Bank supremo, wrote to Michael Noonan the day after the latter’s appointment as Minister for Finance in 2011, suggesting that his bank could help with the “potential sale of state assets”.

The American co-chief executive of Barclays Capital told Noonan that his commitment to “restore our country’s finances” had prompted the letter, which was dated March 10, 2011.

It would take...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Bank chief McDonagh says move would create better work environment for young parents and people with caring responsibilities

Killian Woods | 1 day ago

Despite a belated show of independence, the US attorney general has been a willing pawn in Trump’s interference in criminal investigations being carried out by the Department of Justice

Marion McKeone | 1 day ago

The narrative of the Sinn Féin surge suggests that politics in Ireland is becoming more polarised like in the US and Britain, but the reality is far more complex

Colin Murphy | 1 day ago