Jerry Cardinal Redbird Rating the seizure of Telegraph newspaper in the United Kingdom

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People who briefed them on this issue said that Gerry Cardinale Redbird Capital Partners puts plans to control the telegraph in an attempt to put an end for sale for two years for the British newspaper group.

Under plans still under evaluation, the US Special Stock Company will reduce the Abu Dhabi -based IMI share in order to overcome objections from the UK government over the existence of sovereign wealth abroad that possesses the majority of a British newspaper.

Ridberd They held talks with a number of media and investment groups in the United Kingdom to participate in a consortium, although the American fund manager will be the main investor.

Redbird also spoke with potential partners who expressed his interest in the newspaper in the past, including the DMGT from Lord Rothermere, who owns Daily Mail.

Cardinal intervention, which was appointed to Paramount media group Along with the independent Hollywood film studio in David Ellison, it would end from one of the tallest sales of a media group in British history.

“The Redbird Capital Partners of Gerry Cardinale assesses the possibility of becoming a single owner of the Telegraph Media Group. DMGT refused to comment.

The newspaper began to sell two years ago when the Lloyds Banking Group took control of control as a result of the unpaid debt by the Barclay family, which had had a telegraph since 2004.

A deal to purchase the media group of telegraph by Redbird IMI, a joint venture between the American Private Parking Company and the Abu Dhabi investor, was signed by about 550 million pounds by the Governorate Government in the former United Kingdom due to fears of controlling one of the influential newspapers into a hurt fund.

Redbird IMI is still in conversations with other potential buyers, including a group that includes the owner of Chelsea, Todd Bohli, veteran warrior in Chelsea, David Montgomery. Dovid Efune, the owner of New York Sun, held talks with new investors to support a new offer for the newspaper, according to people close to the talks.

However, Cardinal is likely to be in the driving seat for a deal if he decides to move forward, according to people, given that he partially controls the newspaper with IMI.

Redbird runs $ 12 billion of assets through its global portfolio to sports services, media and entertainment companies. Redbird IMI is recommended by boutique investment services consultants, Ruby, Archo and Ryan.

According to the deal last year, IMI injected three quarters of money, with Redbird contributed to the rest. Ridberd Emmy – run by former CNN president Jeff Zucker – wants at least the money that she spent on the agreement.

In the previous competing media groups, private stock investors and wealthy individuals, including Lord Satchi, conservative peers, expressed his interest in the newspaper.