Chelsea owner Todd Boehly is exploring a bid for The Daily Telegraph through a potential acquisition of National World, working alongside Fleet Street veteran David Montgomery.
Todd Boehly, owner of Chelsea FC, is in discussions to acquire The Daily Telegraph by partnering with David Montgomery, executive chair of National World. The deal would see Boehly’s Eldridge Media Holdings (EMH) first acquire National World — publisher of over 100 regional titles — before using it as a platform for a Telegraph takeover. The potential deal comes amid ongoing uncertainty over the newspaper's ownership, after previous bids fell through and new legislation blocked foreign state ownership.
Montgomery's reputation as a cost-cutter has raised alarm within The Telegraph, but his backers argue his extensive industry experience could bring stability. A successful acquisition could see National World and The Telegraph merged, depending on financial backing and approval of National World shareholders. The move would position Boehly as a key media player in the UK press landscape.
