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The Guardian - UK

Business

Eleni Courea Political correspondent

MPs call for inquiry into how RedBird Capital is funding £500m Telegraph deal

RedBird Capital RedBird Lisa Nandy John Thornton Mansour Bin Zayed Al Nahyan RedBird IMI United States

Copies of the Daily Telegraph newspaper on sale at a shop in Victoria, central London, carry a front-page image of the Princess of Wales in a hat — A source close to RedBird Capital said there were no Chinese state funds involved in the deal to buy the Daily Telegraph and the Sunday Telegraph. Photograph: James Manning/PA

A cross-party group of MPs and peers has called on ministers to investigate how a US private equity company is funding its £500m takeover of the Telegraph.

In a letter sent to the culture secretary, Lisa Nandy, last week, the MPs said there was a risk of “potential Chinese state influence” in RedBird Capital.

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