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Telegraph auction: New York Sun owner a frontrunner as deadline looms

Suitors such as Dovid Efune and new Spectator owner Paul Marshall have until end of Friday to submit offers

Potential suitors to buy the Daily and Sunday Telegraph have until the end of Friday to submit second-round offers, with the US owner of the New York Sun and Sir Paul Marshall, the backer of GB News and the new owner of the Spectator, viewed as the frontrunners to win the auction.

Marshall, who earlier this month sealed a £100m deal to buy the Spectator magazine, is leading a consortium backed by Ken Griffin, the US billionaire founder of the Citadel hedge fund.

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