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
4
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...

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