Battle for Telegraph Triggers Uncertainty for UK Conservatives bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
The Telegraph, which the Barclay family bought in 2004, was put into receivership by Lloyds Banking Group earlier this year as a result of unpaid debts of £1.1billion.
A JV backed by Sheikh Mansour bin Zayed Al Nahyan's media investment vehicle claims to have “reached an agreement" to bring the Telegraph and Spectator out of receivership.
STEPHEN GLOVER: This article is not written in any spirit of sour grapes. I should have no objection whatsoever if one of several respectable companies bought the Telegraph
A deal for the Barclay family to regain control of the Telegraph is nearing completion thanks to financing from Abu Dhabi, reports revealed on Monday. After.