Offer to write off some of the nearly £1bn owed by publisher submitted to lenders Lloyds Banking Group
Analysis: how the Barclay empire lost its grip on the Daily Telegraph
The former owners of the Daily and Sunday Telegraph have made an attempt to regain control of their media assets after they were put up for a sale in a bitter row with lenders.
The Barclay family has submitted an offer to Lloyds Banking Group that would reportedly allow them to write off some of the nearly £1bn in debts owed to the group’s subsidiary, Bank of Scotland.
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