Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Boris Johnson in talks over potential telegraph role as Zahawi consortium advances in auction

by August 13, 2024
August 13, 2024
Boris Johnson in talks over potential telegraph role as Zahawi consortium advances in auction

Former Prime Minister Boris Johnson has engaged in informal discussions about a possible role at The Telegraph as part of Nadhim Zahawi’s bid to acquire the newspaper.

Zahawi, who served as Chancellor under Johnson, is currently assembling a consortium to purchase The Telegraph in an ongoing auction process.

A source close to Johnson downplayed the significance of these talks, noting that no substantial discussions had taken place, despite speculation that Johnson could be appointed as the newspaper’s global editor-in-chief. Johnson, who has deep ties to The Telegraph from his time as a Brussels correspondent and columnist, currently writes a weekly column for the Daily Mail, reportedly earning a six-figure salary.

Zahawi, who briefly served as Chancellor in Johnson’s final days as Prime Minister, is one of several bidders to have advanced to the second round of the auction. The auction, managed by Robey Warshaw and Raine, also includes rival bidders such as Sir Paul Marshall, with backing from billionaire Republican donor Ken Griffin, and veteran newspaper executive David Montgomery. Additionally, two unidentified overseas investment groups remain in the running.

Zahawi has reportedly approached several billionaires to support his consortium’s bid, which also includes The Spectator magazine, both of which are being sold by Abu Dhabi-backed fund RedBird IMI. The involvement of Johnson in Zahawi’s bid could attract further interest from investors.

Other potential bidders, including Belgian publisher Mediahuis and Lord Rothermere, the owner of the Daily Mail, have been eliminated from the process, with the latter stepping back due to concerns over regulatory scrutiny.

RedBird IMI was compelled to put The Telegraph up for sale following ministerial intervention, which blocked its takeover over press freedom concerns. The sale process was initiated after RedBird repaid £1.2 billion in debts owed by the Barclay family, the newspaper’s previous owners, to Lloyds Banking Group.

A spokesman for Boris Johnson declined to comment, while Nadhim Zahawi did not respond to requests for comment.

Read more:
Boris Johnson in talks over potential telegraph role as Zahawi consortium advances in auction

0
FacebookTwitterGoogle +Pinterest
previous post
UK Government injects £800M to enhance broadband for 300,000 rural homes
next post
UK unemployment rate unexpectedly drops as wage growth slows

You may also like

Airlines demand urgent review of Heathrow’s costs before...

February 10, 2025

UK car production declines for eighth consecutive month...

November 28, 2024

Supply chain recovery feeds optimism among companies

April 11, 2023

Student loan debt in England surpasses £200bn for...

June 16, 2023

London to get new airport as Manston is...

August 23, 2022

Entrepreneurs Wanting to Preserve Wealth: Go for Real...

October 24, 2024

Boost your getting a better Perch Mortgage with...

December 27, 2022

Global economy faces bleak outlook as World Bank...

June 11, 2025

Etsy sellers call for boycott after money held

August 2, 2023

Getting to Know You: Michael Troeger, Educator and...

February 13, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Technological Innovation: How are Greece and the UK Leading the Way?

      July 3, 2025
    • Trump turns to Supreme Court in fight to oust Biden-era consumer safety officials

      July 3, 2025
    • Bush teams up with notorious Trump foes to trash ‘colossal mistake’ shuttering USAID

      July 2, 2025
    • Trump’s ‘big, beautiful bill’ stalls in House amid conservative mutiny threats

      July 2, 2025
    • Democratic doctors’ protest against Trump’s ‘beautiful bill’ derailed by flood of US Capitol tourists

      July 2, 2025
    • Missed Disney’s Rally? Grab This Defined-Risk Put Spread for a Second Chance

      July 2, 2025

    Categories

    • Business (8,366)
    • Investing (2,094)
    • Politics (15,921)
    • Stocks (3,187)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved