David Montgomery, a former CEO of Trinity Mirror and editor of the News of the World has emerged as the potential buyer of the Express and Star newspapers, in a complicated deal with their current owner Richard Desmond that could also see Trinity Mirror take a minority stake.
David Montgomery is understood to be attempting to raise cash from private investors and banks to make comeback as a newspaper proprietor. Most recently, he ran and had a stake in the regional publisher Local World, which Trinity Mirror acquired for £220m in 2015. Mr Montgomery last year established a new shell company called National World, according to Companies House records.