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Murdochs May Be Potential Investors in Art Basel Owner

  • James Murdoch is negotiating on father’s behalf, paper reports
  • MCH Group has been badly affected by virus-led lockdowns
Rupert Murdoch

Rupert Murdoch

Photographer: Cameron Spencer/Getty Images

Rupert Murdoch, the entertainment and media mogul, is interested in providing capital to MCH Group AG, the company that organizes Switzerland’s Art Basel shows, Swiss newspaper Finanz und Wirtschaft reported on Saturday.

MCH Group announced earlier this month that it is examining a capital increase to finance investments aimed at implementing its corporate strategy. The group said it was looking for new investors, as well as existing shareholders, to participate in the capital raise.