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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

Telegraph auction: New York Sun owner a frontrunner as deadline looms

Dovid Efune Paul Marshall Spectator Sun RedBird IMI Barclay Nadhim Zahawi United States The New York Sun United Kingdom
Someone reads the Daily Telegraph sitting on steps
RedBird IMI was forced to put the Telegraph and Spectator titles back up for sale in the spring. Photograph: Jonathan Brady/PA

Potential suitors to buy the Daily and Sunday Telegraph have until the end of Friday to submit second-round offers, with the US owner of the New York Sun viewed as a frontrunner to win the auction.

Sir Paul Marshall, the backer of GB News and the new owner of the Spectator, had been viewed as the most likely candidate to win the auction process.

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