The Telegraph and The Spectator are no longer up for auction after Abu Dhabi-backed RedBird IMI helped the Barclay family repay its £1.2bn debt to Lloyds Banking Group.
Lloyds placed Telegraph Media Group’s Bermuda-based holding company B.UK into receivership over the unpaid debt in May. AlixPartners was appointed as receiver and Aidan and Howard Barclay were removed as directors of TMG and The Spectator.
