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Tuesday 28 November 2023 7:25 am  |  Updated:  Tuesday 28 November 2023 7:29 am

Former Tory leader Lord Hague urges culture sec to ‘intervene’ in Telegraph sale

By: City PM Reporter

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The Telegraph is reportedly facing a government review over an attempted replacement of its finance chief amid a probe into a potential takeover by an Abu Dhabi-backed fund.
The Telegraph is reportedly facing a government review over an attempted replacement of its finance chief amid a probe into a potential takeover by an Abu Dhabi-backed fund.

Former foreign secretary and Tory leader Lord Hague has described the sale of the Daily Telegraph to a United Arab Emirates-based investment fund as “disturbing”.

A number of Conservative MPs have urged ministers to block the sale to RedBird IMI, an investment fund owned by Sheikh Mansour bin Zayed Al Nahyan, vice-president of the United Arab Emirates (UAE).

Lord Hague told Culture Secretary Lucy Frazer, who is considering whether the deal warrants intervention on public interest grounds, that he would “certainly intervene”.

Writing in The Times, the former Conservative leader said: “The prospect of important British media institutions the Telegraph newspapers and The Spectator falling into the ownership of Sheikh Mansour of the UAE is disturbing and should be prevented.

“I say that as an avowed enthusiast for the Emirates, its achievements and its role in the world.”

Lord Hague recounted a call he had taken from a senior figure in the UAE when he was foreign secretary, complaining about stories run by the BBC.

“He found it difficult to comprehend that British ministers could do nothing about media coverage that had implications for Britain’s foreign relations, and that we would regard it as wrong even to try,” he wrote.

“The idea of owning or establishing a company or institution that is deliberately annoying to you, and doing nothing about that, was alien to him.

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“In his world, there was no clear separation between private and public interest, or between national policy and media coverage.”

He said the Culture Secretary needed to weigh up assurance of editorial independence against the “possible threat to free expression from what would be, in effect, foreign state ownership”.

“If I were her, I would certainly intervene, understanding that sentimentality is nothing to do with it.

“One of Britain’s great advantages is that we still have an irreverent, searching, competitive media, with the content of real newspapers still carrying substantial influence.

“Whether our newspapers are in physical or digital form is irrelevant, but their freedom and existence will be more essential than ever.”

He continued: “Hostile stories … would be something they would find very hard to understand.

“Our relations with the UAE, as well as our media, would be healthier without that.”

Press Association – Rachel Vickers-Price

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