Nadhim Zahawi in line to become chair of Telegraph titles, say reports

Nadhim Zahawi was sacked as Conservative party chair in January after being found to have breached the ministerial code. Photograph: Stefan Rousseau/PA

The former chancellor Nadhim Zahawi is in line to become chair of the Daily Telegraph and the Sunday Telegraph after brokering a deal between Middle Eastern investors and the Barclay family, according to reports.

The Barclays are thought to be attempting to regain control of the media group with financial support from investors in the United Arab Emirates, months after surrendering the debt-laden business to Lloyds Banking Group.