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The Guardian - UK
The Guardian - UK
Business
Jane Martinson

Battle resumes to take control of Telegraph – and the Tory soul

Copies of the Daily Telegraph for sale in a supermarket
The sale of the media group could be complicated by a £278m black hole and warnings of ‘potential irregularities’. Photograph: Belinda Jiao/Reuters

As the dust settles on Labour’s landslide election win, the Conservative party is yet to decide when or how it will replace Rishi Sunak as leader. Meanwhile the newspaper regarded as the party’s house bible continues in its own kind of limbo.

More than a year after the Telegraph and its sister title, the Spectator, were seized by Lloyds Bank as down payments for debts run up by their proprietors, the Barclay family, the papers are still effectively ownerless with a second auction in under a year set to start in earnest on Friday next week.

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