Nadhim Zahawi in line to become chair of Telegraph titles, say reports

Ex-chancellor said to be brokering deal between UAE investors and Barclay family as latter attempt to regain control of media group

The former chancellor Nadhim Zahawi is in line to become chair of the Daily Telegraph and the Sunday Telegraph after brokering a deal between Middle Eastern investors and the Barclay family, according to reports.

The Barclays are thought to be attempting to regain control of the media group with financial support from investors in the United Arab Emirates, months after surrendering the debt-laden business to Lloyds Banking Group.