The owner of the fund is the owner of Manchester City Football Club
The RedBird IMI investment fund, which is funded by Abu Dhabi, revealed on Monday its readiness to take control of the Daily Telegraph and Spectator magazine, after guaranteeing credit to pay off the debts of the former owner of these two pages.
According to a spokesperson for RedBird IMI, a joint venture between RedBird Capital, of the United States, and International Media Investments, of Abu Dhabi, “has reached an agreement to provide credit to the Barclay family.” [até agora proprietária daqueles títulos]“This allows it to pay its debts to Lloyds Bank and emerge from bankruptcy.”
The spokesman said that the fund would provide “a loan worth 600 million pounds (685 million euros) guaranteed with the Telegraph and Spectator newspapers,” the ideological references for the conservative movement in the United Kingdom. “In addition, International Media Investments will go ahead with a loan of a similar value to Barclay’s family businesses and other business interests,” he added.
The fact that it is an investment fund backed by Abu Dhabi – whose owner is the owner of Manchester City Football Club – makes the agreement controversial and raises the concerns of Conservative Party MPs in government, due to the current geopolitical context. Some representatives pointed out.
Emily Brontë is a journalist and feature writer specialising in culture, entertainment, literature, and current affairs. She is dedicated to producing clear, accurate reporting that helps readers stay informed about developments in the UK and around the world.
