Morgan has already begun moving Uncensored into more traditional formats.

Piers Morgan is closing in on roughly $30m (£22.5m) in new funding to expand his YouTube venture, Uncensored , into a fully fledged global media business.

The deal would value the operation at about $130m (£97m).

Sky News revealed that the new investors include US merchant bank The Raine Group, whose co-founder Joe Ravitch, a key adviser on the attempted sales of Manchester United and Chelsea, is set to join Uncensored’s board.

Greek media mogul Theo Kyriakou, whose Antenna Group owns a stake in The News Movement, is also backing the round, alongside a cluster of international family offices.

Veteran media executive Michael Kassan is advising on commercial strategy and may invest personally.

News Updates

Sta

See Full Page