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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

Barclay family avoids bankruptcy after deal with HSBC over £143m debt

HSBC Howard Barclay Aidan Barclays
A branch of HSBC in London.
HSBC initiated legal proceedings against Aidan and Howard Barclay in 2025 after the collapse of Logistics Group. Photograph: Andy Rain/EPA

The former owners of the Telegraph have avoided bankruptcy after reaching an 11th-hour agreement with HSBC over more than £140m in overdue debts.

At a high court hearing on Tuesday, a lawyer for Europe’s biggest bank said it was seeking to dismiss the petitions against Aidan and Howard Barclay, whose family lost control of the Daily and Sunday Telegraph in 2023 over £1.16bn of unpaid debts owed to Lloyds Bank.

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