Redbird Gerry Cardinale, which evaluates the UK telegraph newspaper

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Redbird Capital Partners Gerry Cardinale makes plans under control of Telegraph, trying to put an end to a protracted two -year sale of the British newspaper group.

According to the plans that are still estimated, the American capital firm would reduce Imi’s share based on Abu Dhabi to overcome the UK government’s objections to abroad sovereign wealth owned by the majority of British newspaper.

Redbird negotiated with a number of British media and investment to participate in the consortium, and they added, although the chief investor will be the head of the US Foundation.

Redbird also talked to the potential partners who expressed interest in the newspaper in the past, including DMGT Lord Rottermer, owned by the Daily Mail rival.

The Cardinal Intervention, which intends to take over Media Group Paramount, together with the independent Hollywood Studio David Ellison, will lead to a close-one media group sales in British British history.

The Redbird spokeswoman said: “” Gerry Cardinale “Redbird Capital Partners evaluates the opportunity to become the only owner of the Telegraph Media Group.” DMGT refused to comment.

The sale of the newspaper was started two years ago when Lloyds Banking Group seized control as a result of unpaid Barclay’s family debts, which owned Telegraph since 2004.

The transaction was concluded in buying Telegraph Media Group from Redbird Imi, a joint venture between the US private firm and the Abu Dhabi investor, and the 550 million pounds was blocked by the former Conservative Government of the UK because of the concern in transferring control over the influential state-owned state-owned company.

Redbird Imi remains in negotiations with other potential buyers, including a group consisting of CHLSI co -owner FC Toda Pain and British newspaper David Montgomery. Dovid Efune, owner of the New York Sun, also held talks with new investors to support a fresh application for the newspaper, people close to negotiations reports.

However, the cardinal would probably be in the control of the transaction if he decided to continue, according to the people, given that he was already partially controlled by the IMI newspaper.

Redbird manages $ 12 billion assets in its global sports, media and entertainment and financial services. Redbird Imi recommends boutique -investment banks by Robbie Warsha and Rhine.

According to a transaction reached last year, Imi introduced three -quarters of money and the rest made Redbird. Redbird Imi – Managing former CNN chief Jeff Zucker – wants to at least return the money he spent on the agreement.

In the past, the rival media groups, private capital investors and wealthy people, including Lord Satha, conservative peers, expressed interest in the newspaper.