BBC Chairman Richard Sharp Resigns Amid Loan Controversy

Richard Sharp, the head of the BBC, has resigned over his failure to disclose his alleged involvement in arranging a $1 million loan for then-Prime Minister Boris Johnson. Sharp, a former investment banker and longtime donor to the Conservative Party, was appointed by Johnson in 2021. After an investigation, the government concluded that Sharp had breached rules. Sharp apologized but said he was resigning to prioritize the interests of the BBC, which is struggling financially and facing allegations of improper ties to the Conservative Party.