Charles Ergen

Japan's Softbank has kicked Barclays (NYSE:BCS) off its Sprint Nextel (NYSE:S) financing team, just days after it was revealed the U.K. bank has signed up as the lead adviser and financier in a rival bid from Dish Network (NASDAQ:DISH).The decision to boot Barclays highlights the emerging bidding war over Sprint, the No. 3 U.S. wireless provider, as well as the sometimes-awkward relationship between M&A advisers and their clients.Barclays kept its role confidential in the $25.5 billion takeover bid from Dish until the offer was unveiled on Monday to avoid tipping anyone off that another transaction was in the works, a person familiar with the matter told FOX Business.While Barclays was tapped with the prominent and potentially-lucrative role of lead adviser and financier in the Dish bid, it had a limited role on Softbank's financing team, which is being run by Deutsche Bank (NYSE:DB), the person said.That means Barclays is set up to rake in far higher fees if the Dish acquisition, whic...

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