US billionaire’s late move could disrupt bid by media executive Dovid Efune
Chelsea Football Club owner Todd Boehly is threatening to gatecrash the £550mn sale of The Telegraph with an offer to help finance a bid for the 169-year-old conservative British national newspaper. The US billionaire had held talks with RedBird IMI in recent weeks about the possibility of becoming involved in the deal, according to three people familiar with the situation.
” Questions have arisen in recent weeks about whether Efune will be able to complete the deal before the next deadline before Christmas given the lack of clear-cut financial backing. He was given a further month to pull together the necessary financing for the bid at the end of November.
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