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Dubai-based investment group and pro Brexit invester give financial backing to new Andrew Neil “GB News” channel

Bosses of news channel GB News have confirmed two new backers for its 24-hour TV and online service set to launch in the UK later this year, including the think tank the Legatum Institute and Vote Leave donor Sir Paul Marshall.

The Dubai-based investment group and one of the UK’s most prominent hedge fund managers, Sir Paul, have added their names alongside US broadcasting giant Discovery Inc.

The move means bosses at the news service will start recruiting 120 journalists and 20 support roles for the project chaired by former BBC presenter Andrew Neil.


Legatum is known for its funding of think tank the Legatum Institute, which launched in 2007.

It also produces the closely followed annual Prosperity Index, alongside investment and research divisions.

Sir Paul is the co-founder of hedge fund Marshall Wace and was a donor to the Vote Leave campaign. His stake in GB News…

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