$12 Billion RedBird Capital Partners Buys UK Newspaper Telegraph Media Group at $677 Million Valuation (£500 Million) after UK Government Allowed Foreign State-Owned Investors to Own 15% of UK Newspaper Publishers, RedBird IMI Will Invest as Minority Investor, Barclay Family Avoided Sale of UK Newspaper Telegraph in 2023 with Repayment $1.5 Billion Loan to Lloyds Bank with Support from RedBird IMI, Initial Proposed Sale to RedBird IMI was Rejected by UK Government Due to Freedom of Expressions Concerns
25th May 2025 | Hong Kong
RedBird Capital Partners has announced to buy UK newspaper Telegraph Media Group at $677 million valuation (£500 million) after UK government allowed foreign state-owned investors to own 15% of UK newspaper publishers, with RedBird IMI to invest as minority investor. In 2025 January, leading private equity Apollo Global Management ($733 billion AUM) co-founder Leon Black with $14 billion fortune was reported to be in talks to buy UK newspaper Telegraph. In 2023 December, Barclay family (David Barclay & Frederick Barclay) had avoided the sale of UK newspaper Telegraph with repayment $1.5 billion loan (£ 1.2 billion) to Lloyds Bank with support from RedBird IMI. The initial proposed sale to RedBird IMI was rejected by the UK government due to freedom of expressions concerns. RedBird IMI is a joint venture between RedBird Capital Partners, a New York based private-equity firm founded and led by Gerry Cardinale, and International Media Investments (IMI), a global media company based in Abu Dhabi. RedBird IMI is focused on investing in premier companies across news, media, entertainment, sports and live event verticals. In September 2023, top hedge fund Citadel founder & billionaire with $35 billion fortune Ken Griffin had joined a group of investors led by co-owner of GB News & hedge fund Marshall Wace founder Sir Paul Marshall to buy The Telegraph & The Spectator titles through media group UnHerd Ventures. The Telegraph & The Spectator were seized by Lloyds Bank in June 2023 after failing to pay more than £1 billion of debt. The Telegraph & Spectator are owned by the Frederick Barclay family, which had paid £665 million in 2004. Telegraph Media Group (TMG) is the publisher of The Daily Telegraph and The Sunday Telegraph, The Telegraph Magazine, Telegraph.co.uk and the Telegraph app. The Spectator was established in 1828.
“ $12 Billion RedBird Capital Partners Buys UK Newspaper Telegraph Media Group at $677 Million Valuation (£500 Million) after UK Government Allowed Foreign State-Owned Investors to Own 15% of UK Newspaper Publishers, RedBird IMI Will Invest as Minority Investor, Barclay Family Avoided Sale of UK Newspaper Telegraph in 2023 with Repayment $1.5 Billion Loan to Lloyds Bank with Support from RedBird IMI, Initial Proposed Sale to RedBird IMI was Rejected by UK Government Due to Freedom of Expressions Concerns “
RedBird Capital Partners – RedBird Capital Partners is a private investment firm that builds high-growth companies with strategic capital solutions to founders and entrepreneurs. The firm currently manages $12 billion in assets on behalf of a global group of blue-chip institutional and family office investors. Founded in 2014 by Gerry Cardinale, RedBird integrates sophisticated private equity investing with a hands-on business-building mandate that focuses on three core industry verticals – Sports, Media & Entertainment, and Financial Services. Over his 30-year investment career, Cardinale has partnered with founders and entrepreneurs to build some of the most iconic growth companies in their respective industries.
Background – RedBird Capital Partners was founded in 2014 by Gerry Cardinale, a leading investor and philanthropist with significant experience in building multi-billion-dollar iconic intellectual property companies. Managing a global portfolio of sports, media and entertainment, and financial services companies, RedBird spans ten offices worldwide, serving blue-chip institutional and family office investors seeking unique, transformative and differentiated investment opportunities across these three industry verticals. RedBird’s flagship investments include Skydance Media (Larry and David Ellison) and its pending merger with Paramount Global; All3 Media; AC Milan; Fenway Sports Group (Boston Red Sox, Liverpool FC, Pittsburgh Penguins, PGA Tour); the Yankees Entertainment & Sports (“YES”) Network (New York Yankees and Amazon); Artists Equity (Ben Affleck and Matt Damon); Fulwell Entertainment (Ben Winston, James Corden and Maverick Carter); the United Football League (Disney/ESPN, Fox and Dwayne Johnson); the Indian Premier League’s Rajasthan Royals; and Formula One’s Alpine Racing team. RedBird also has a strong foothold in the financial services sector through a broad investment portfolio across insurance, specialty finance and wealth management, including Arax, one of the fastest growing wealth management platforms in the US that RedBird has scaled to $27 billion of AUM; Aquarian, a diversified life and annuity carrier and asset management platform with $20 billion in assets; and Bishop Street Underwriters, which recently acquired Landmark Underwriting, a specialty-focused managing general agent based in London, to expand its reach into the UK insurance market.
$733 Billion Private Equity Apollo Co-Founder Leon Black with $14 Billion Fortune in Talks to Buy UK Newspaper Telegraph as Anchor Investor, Barclay Family Avoided Sale of UK Newspaper Telegraph in 2023 with Repayment $1.5 Billion Loan to Lloyds Bank with Support from RedBird IMI, Initial Proposed Sale to RedBird IMI was Rejected by UK Government Due to Freedom of Expressions Concerns
9th January 2025 – Leading private equity Apollo Global Management ($733 billion AUM) co-founder Leon Black with $14 billion fortune has been reported to be in talks to buy UK newspaper Telegraph. In 2023 December, Barclay family (David Barclay & Frederick Barclay) had avoided the sale of UK newspaper Telegraph with repayment $1.5 billion loan (£ 1.2 billion) to Lloyds Bank with support from RedBird IMI. The initial proposed sale to RedBird IMI was rejected by the UK government due to freedom of expressions concerns. RedBird IMI is a joint venture between RedBird Capital Partners, a New York based private-equity firm founded and led by Gerry Cardinale, and International Media Investments (IMI), a global media company based in Abu Dhabi. RedBird IMI is focused on investing in premier companies across news, media, entertainment, sports and live event verticals. In September 2023, top hedge fund Citadel founder & billionaire with $35 billion fortune Ken Griffin had joined a group of investors led by co-owner of GB News & hedge fund Marshall Wace founder Sir Paul Marshall to buy The Telegraph & The Spectator titles through media group UnHerd Ventures. The Telegraph & The Spectator were seized by Lloyds Bank in June 2023 after failing to pay more than £1 billion of debt. The Telegraph & Spectator are owned by the Frederick Barclay family, which had paid £665 million in 2004. Telegraph Media Group (TMG) is the publisher of The Daily Telegraph and The Sunday Telegraph, The Telegraph Magazine, Telegraph.co.uk and the Telegraph app. The Spectator was established in 1828.
Barclay Family Avoided Sale of UK Newspaper Telegraph with Repayment $1.5 Billion Loan to Lloyds Bank with Support from RedBird IMI, Initial Proposed Sale to RedBird IMI was Rejected by UK Government Due to Freedom of Expressions Concerns
8th December 2023 – The Barclay family (David Barclay & Frederick Barclay) had avoided the sale of UK newspaper Telegraph with repayment $1.5 billion loan (£ 1.2 billion) to Lloyds Bank with support from RedBird IMI. The initial proposed sale to RedBird IMI was rejected by the UK government due to freedom of expressions concerns. RedBird IMI is a joint venture between RedBird Capital Partners, a New York based private-equity firm founded and led by Gerry Cardinale, and International Media Investments (IMI), a global media company based in Abu Dhabi. RedBird IMI is focused on investing in premier companies across news, media, entertainment, sports and live event verticals. In September 2023, top hedge fund Citadel founder & billionaire with $35 billion fortune Ken Griffin had joined a group of investors led by co-owner of GB News & hedge fund Marshall Wace founder Sir Paul Marshall to buy The Telegraph & The Spectator titles through media group UnHerd Ventures. The Telegraph & The Spectator were seized by Lloyds Bank in June 2023 after failing to pay more than £1 billion of debt. The Telegraph & Spectator are owned by the Frederick Barclay family, which had paid £665 million in 2004. Telegraph Media Group (TMG) is the publisher of The Daily Telegraph and The Sunday Telegraph, The Telegraph Magazine, Telegraph.co.uk and the Telegraph app. The Spectator was established in 1828.
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