#AceFinanceNews – Featured Report:April.23: British media baron Richard Desmond gifted the anti-European Union UK Independence Party £1.5 million (€1.4 million) weeks from one of the tightest elections in decades, his newspaper announced Friday.
The donation was revealed on the front page of The Daily Express, a tabloid with a circulation of around half a million daily, owned by Desmond’s publishing company, Northern and Shell Media Group.
One of Britain’s richest men, Desmond donated £300,000 to UKIP in 2014. The Daily Express has long backed the anti-immigration party in its coverage, and called for Britain to leave the EU.
"Why I’m giving £1.3 million to UKIP" read The Daily Express headline, above a photograph of the newspaper owner with UKIP leader Nigel Farage.
The front page article said that Desmond gave the donation to "shake up the establishment".
"I firmly believe in UKIP. It’s a party for good, ordinary British people.
It is not run by elitists," Desmond was quoted as saying.