The Barclay family, which also owns the Spectator magazine and courier Yodel, owes debts to Lloyds Bank.
The billionaire owners of the Telegraph newspapers say their businesses are in good shape following claims they are on the cusp of receivership.
Sky News said Lloyds Banking Group was being advised by financial firm Lazard and it planned to appoint another bank to immediately begin selling the Daily and Sunday Telegraph titles. The statement said businesses within its portfolio continued to trade strongly and the Telegraph was performing "extremely well".Frederick Barclay has been named as the richest person in the Channel Islands
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