An Abu Dhabi-backed investment fund said Monday it has paved the way to take ownership of Britain’s Telegraph newspaper and The Spectator magazine after striking a deal with the publications’ previous owners to repay debts owed by them.

RedBird IMI — a joint venture between RedBird Capital, led by former CNN chief Jeff Zucker, and Abu Dhabi’s International Media Investments — said it has agreed to provide loans to Britain’s Barclay family and ensure the family’s debts to Lloyds Bank are paid.

The Barclay family owned the right- leaning newspaper and magazine before they were put into receivership. The family also previously owned London’s luxurious Ritz Hotel before selling it in 2020.