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The Guardian - UK

Business

Rob Davies

Barclay family regains control of Telegraph after Abu Dhabi helps pay debt

Barclay Lloyds Abu Dhabi RedBird IMI Barclays Ofcom Spectator

A copy of the Daily Telegraph in a letterbox — Lloyds had taken control of Telegraph Media Group in June. Photograph: Martin Godwin/The Guardian

The Barclay family officially regained control of the Telegraph newspaper group on Monday, after an Abu Dhabi-backed consortium helped pay off its £1.2bn debt to Lloyds Banking Group, although the fund’s planned takeover still requires the UK government’s blessing.

Lloyds said on Monday that it had received the money it was owed, after it seized control of the group and put its Telegraph and Spectator titles up for sale after a prolonged dispute over debts racked up by its owners, the Barclays.

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