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Lionel Barber

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Gender Male
Age 69
Date of birth January 18,1955
Zodiac sign Capricorn
Born London
United Kingdom
SpouseVictoria Greenwood
Children 2
Job Editing
Journalist
Education Dulwich College
St Edmund Hall
BooksBritain and the New European Agenda
The Price of Truth: The Story of the Reuters £££ Millions
The Powerful and the Damned: Private Diaries in Turbulent Times
Lunch with the FT: A Second Helping
Date of Reg.
Date of Upd.
ID430921
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Lionel Barber Life story


Lionel Barber is an English journalist. He was editor of the Financial Times from 2005 to 2020. Barber worked at The Scotsman and The Sunday Times before working at the FT from the mid-1980s. Barber was a well-regarded editor of the FT.

Government intervenes in Abu Dhabi's bid to buy Telegraph

Feb 16,2020 8:06 am

By Simon JackBusiness editor

The culture and media secretary has intervened to scrutinise a sale of The Daily Telegraph and The Spectator magazine to a company backed by the Abu Dhabi ruling family.

The titles were taken over by Lloyds Bank as it sought to recover £1. 1bn owed by The Owners , the Barclay family.

An Abu Dhabi -backed firm this month agreed to pay the sum and take control.

It was understood that after The Debt was paid to Lloyds, the titles would be passed on swiftly to the new owners.

Sheikh Mansour bin Zayed Al Nahyan, best known in the UK for his ownership of Manchester City football club, has thrown his considerable financial heft behind RedBird IMI, the investment consortium looking to take control of the Telegraph and The Spectator .

The consortium is run by Jeff Zucker , the former president of CNN.

As the, The Secretary of State, Lucy Frazer , did not feel it appropriate to intervene in a debt repayment transaction.

However, as she has previously indicated and now confirmed, the transfer of the politically important titles to what is essentially a foreign power is a matter the UK government and other regulators need to scrutinise.

Jeff Zucker is a very experienced news chief and has hit back at any suggestion that the editorial independence of The Daily Telegraph, the Sunday Telegraph and The Spectator would be compromised by Gulf ownership.

But former editors, senior politicians and grassroots Conservatives have voiced grave concerns about The Deal .

Simply put, the Barclay family, who have twisted and turned for many years from Lloyds to preserve their ownership of the Telegraph, have now replaced their Lloyds debt with a debt to the Abu Dhabi Royal Family .

Lionel Barber , the former editor of the FT, has pointed out that the UK has allowed a convicted fraudster, Conrad Black , to own the Telegraph and The Son of a former KGB agent, Evgeny Lebedev , to own The Independent and the Evening Standard .

But former Telegraph editor Charles Moore insists that the nature of those involved Here - a foreign state alongside a Tory-leaning Paper - makes these circumstances different.

Sheikh Mansour is taking a financial risk in wiring The Money to Lloyds when it is unclear whether he will ever get to take control of The Assets he is paying for, but as someone close to The Deal said, that seems to be " a risk he's willing to take".

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Source of news: bbc.com

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