'Sell me Sark for £2m.' is rejected by Seigneur

SEIGNEUR Michael Beaumont has rejected a £2m. offer to 'sell' Sark to Sir David Barclay.

The billionaire businessman made the approach in January 2010 by offering £1m. for the island's feudal lease and title, as well as a further £1m. as compensation for the loss of Mr Beaumont's £28,000 per year stipend.

Sir David wrote to the seigneur making it clear that he had no interest in the feudal rights attached to the title, and would relinquish all apart from any obligations coming under the fiefdom.

He argued that Sark's democracy would be significantly strengthened by the move, because Chief Pleas would have greater control over the island and its resources.

But Mr Beaumont (pictured) replied that he was unable to accept 'and certainly at the moment I have no wish to do so'.

• Read the full story in the Guernsey Press. See below for subscription details.