The Telegraph newspapers — British right-wing broadsheets — are still looking for a new buyer.
Redbird IMI is majority-owned by Sheikh Mansour bin Zayed Al Nahyan, vice president of the United Arab Emirates and owner of Manchester City Football Club.
The US partner is investment firm RedBird Capital.
“After a year-long auction drama that involved sheikhs and moguls and even ended up changing the law, The Spectator has a new owner,” the magazine’s editor Fraser Nelson said in a statement.
“Had The Spectator been sold to the Emirati government, as was on the cards, we would have faced obvious questions about our operational and editorial independence.”
Founded in 1828, The Spectator is one of the oldest magazines in the world still in print.
