THE GUARDIAN: After year in ownerless limbo, Conservative party’s bible goes up for sale in second auction next week
As the dust settles on Labour’s landslide election win, the Conservative party is yet to decide when or how it will replace Rishi Sunak as leader. Meanwhile the newspaper regarded as the party’s house bible continues in its own kind of limbo.
More than a year after the Telegraph and its sister title, the Spectator, were seized by Lloyds Bank as down payments for debts run up by their proprietors, the Barclay family, the papers are still effectively ownerless with a second auction in under a year set to start in earnest on Friday next week.
What happens next is likely to set the tone for Britain’s right wing in both its politics and its media.
Many close to the paper nicknamed the Torygraph offer a shrug when asked what comes next in a saga that has lasted 13 months, involved the threat of criminal investigations and led to new takeover laws. Asked about the possibility of an unexpected new owner, one veteran dealmaker involved in the negotiations sighed: “Nothing would surprise me at this point.” » | Jane Martinson | Thursday, July 11, 2024
