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The Guardian - UK

Business

Alex Lawson

Barclay family make last-ditch bid to keep control of Telegraph newspapers

Aidan Barclay Frederick Barclay Bank of Scotland Lloyds Lloyds Banking Group Carlyle

The daily Telegraph newspaper — The Telegraph’s owners have launched a new bid to regain control of the newspaper after lenders appointed receivers. Photograph: Jim Wileman/Alamy

The former owners of the Daily and Sunday Telegraph have made an attempt to regain control of their media assets after they were put up for a sale in a bitter row with lenders.

The Barclay family has submitted an offer to Lloyds Banking Group that would reportedly allow them to write off some of the nearly £1bn in debts owed to the group’s subsidiary, Bank of Scotland.

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