Sir Martin Broughton’s bid to buy Chelsea has not been one of the splashiest, but it always seemed a solid one, with the necessary blend of money, PR and experience with sports teams.
However in today’s Daily Telegraph, Matt Law explained that there could be major issues with the financing of the offer.
It’s claimed that Joshua Harris and David Blizter are involved in the financial side of the deal, and both are Crystal Palace shareholders. That would create a lot of administrative issues, and other Premier League teams would immediately object to the potential conflict of interest.
Of course they could sell their Palace stakes, but even that will take time, and in this bid where speed is so important, the prospect of that may be enough for the Raine Group to discard their offer.
However, there has been no official confirmation yet that the pair are involved – only Raine will know for sure at this point.