14-05-2025
Government ‘under no obligation' to intervene in Telegraph sale
Lisa Nandy, the culture secretary, has said that she is under no legal obligation to intervene in an Abu Dhabi-led sale of The Telegraph despite protestations from members of the House of Lords.
Nandy stated that she had no 'reasonable grounds' for believing an Abu Dhabi joint venture was poised to seize control of the title and therefore did not have a duty to issue a legal notice under laws barring foreign state ownership of UK media outlets.
RedBird IMI, a joint venture part-funded by an Emirati royal, is seeking to sell The Telegraph after its bid to convert debt secured against the title into equity was blocked by a new ban on foreign state owners in March last year.
• Telegraph sale in limbo
