Barclay Family Avoided Sale of UK Newspaper Telegraph with Repayment $1.5 Billion Loan to Lloyds Bank with Support from RedBird IMI, Initial Proposed
8th December 2023 | Hong Kong
The Barclay family (David Barclay & Frederick Barclay) had avoided the sale of UK newspaper Telegraph with repayment $1.5 billion loan (£ 1.2 billion) to Lloyds Bank with support from RedBird IMI. The initial proposed sale to RedBird IMI was rejected by the UK government due to freedom of expressions concerns. RedBird IMI is a joint venture between RedBird Capital Partners, a New York based private-equity firm founded and led by Gerry Cardinale, and International Media Investments (IMI), a global media company based in Abu Dhabi. RedBird IMI is focused on investing in premier companies across news, media, entertainment, sports and live event verticals. In September 2023, top hedge fund Citadel founder & billionaire with $35 billion fortune Ken Griffin had joined a group of investors led by co-owner of GB News & hedge fund Marshall Wace founder Sir Paul Marshall to buy The Telegraph & The Spectator titles through media group UnHerd Ventures. The Telegraph & The Spectator were seized by Lloyds Bank in June 2023 after failing to pay more than £1 billion of debt. The Telegraph & Spectator are owned by the Frederick Barclay family, which had paid £665 million in 2004. Telegraph Media Group (TMG) is the publisher of The Daily Telegraph and The Sunday Telegraph, The Telegraph Magazine, Telegraph.co.uk and the Telegraph app. The Spectator was established in 1828.
“ Barclay Family Avoided Sale of UK Newspaper Telegraph with Repayment $1.5 Billion Loan to Lloyds Bank with Support from RedBird IMI, Initial Proposed Sale to RedBird IMI was Rejected by UK Government Due to Freedom of Expressions Concerns “
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Barclay Family Avoided Sale of UK Newspaper Telegraph with Repayment $1.5 Billion Loan to Lloyds Bank with Support from RedBird IMI, Initial Proposed Sale to RedBird IMI was Rejected by UK Government Due to Freedom of Expressions Concerns The Telegraph Managing $20 million to $3 billion. Investing $3 million to $300 million. For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm. Join Events & Find Services Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more. List hard-to-find financial & private wealth services. Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected] Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Quick Links Caproasia Access | Events | Summits | Register Events | The Financial Centre The 2024 Investment Day | 2024 Family Office Summits | Family Office Circle 2021 Data Release 2020 List of Private Banks in Hong Kong2020 List of Private Banks in Singapore 2020 Top 10 Largest Family Office2020 Top 10 Largest Multi-Family Offices2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM For Investors | Professionals | Executives Latest data, reports, insights, news, events & programs Everyday at 2 pm Direct to your inbox Save 2 to 8 hours per week. Organised for success Register Below For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors Get Ahead in 60 Seconds. Join 10,000 + Save 2 to 8 hours weekly. Organised for Success. Sign Up / Register
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