British Steel’s owners charging firm £20m a year in fees and interest

The multi-millionaires who bought British Steel for £1 in 2016 and are now seeking financial aid from the government are charging £20m a year in fees and interest from the company.

Marc Meyohas and Daniel Goldstein are in talks with British Steel’s lenders over a £75m rescue package that is understood to be at risk of falling apart unless the government contributes.

The company, which owns the Scunthorpe steelworks, claims that without the new funding it could collapse, putting 4,500 jobs at risk.

Meyohas, the son of a…
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