Who owns GBNews
Executive summary
GB News is not the property of a single individual but is held through a London-based holding company, All Perspectives Ltd, whose principal backers are hedge‑fund tycoon Sir Paul Marshall and the Dubai‑linked investment group Legatum (sometimes styled Legatum Ventures) — an ownership arrangement that has shifted over time as other investors bought, sold or were issued shares [1] [2] [3]. Operational control and meaningful voting stakes are concentrated among those investors and the executive team rather than the programme presenters who later received small equity awards [4] [1].
1. The legal owner: All Perspectives Ltd is the holding vehicle
GB News operates under a parent company called All Perspectives Ltd, which holds the broadcasting licence and is listed at Companies House and on UK business registers as the corporate owner of GB News [1] [5]. Public records and multiple reporting strands consistently identify All Perspectives as the corporate entity through which investors channel their ownership, and this is the entity that has disclosed shareholder lists following regulatory and corporate filings [1] [4].
2. The two dominant backers: Sir Paul Marshall and Legatum
Reporting across outlets and company filings ties GB News’ primary financing and control to Sir Paul Marshall — a hedge‑fund manager and media investor — and to Legatum, a Dubai‑based investment firm or group which controls interests in All Perspectives [1] [2] [3]. Analyses and business reporting describe Legatum’s Dubai links and Marshall’s role as the major private funder, with both parties repeatedly named as the core owners behind the channel’s start‑up and subsequent rounds of funding [2] [6].
3. Who actually wields influence: executive stakes, presenters and other investors
Control is not purely equal or symbolic: company filings and press reporting show that the GB News executive team hold measurable stakes — for example, CEO Angelos Frangopoulos alone was reported to own 3.7% of voting shares and 4.8% of total shares — while several presenters and personalities were later issued growth shares that carry negligible voting power compared with the main investors [4]. Press Gazette and other outlets emphasise that presenter shareholdings are tiny relative to the major backers, and some awarded shares have been revoked after departures, indicating active corporate governance over equity distribution [4].
4. The historical shifts: exits, purchases and regulatory context
The ownership picture has evolved since the channel’s founding in 2021 — Warner Bros Discovery once held a stake that was sold, increasing the relative control of Legatum and private backers, and Paul Marshall has continued to inject capital as losses widened, underscoring his financial commitment [2] [6]. Broader media purchases by Marshall (for example, the later acquisition of The Spectator) and concerns raised about political proximity and impartiality have accompanied that financial involvement, prompting scrutiny of how investor agendas might shape editorial direction [7] [8].
5. What this means for transparency and perception
Because ownership is channeled through an investment vehicle and because investors include an overseas‑based firm and wealthy UK financiers, critics and some industry commentators argue the structure can obscure influence and raise questions about editorial independence and political alignment; others note that the company has published shareholder information and that operational control appears concentrated with a small set of investors and executives rather than on‑air talent [1] [4] [8]. Reporting documents both the factual ownership structure and the debates about influence — but public filings remain the definitive record and have been the primary source used by journalists to trace who owns and funds GB News [5] [4].