och also claimed the bidders had the backing of “more than 50pc of the shareholders” adding that they were only given access to the Betfair chief in the few hours before the “put up or shut up” deadline.
“He was put in a very difficult position,” said Koch, giving his first interview since the bid collapsed. He admitted it was “probably a mistake” that the bidders had no alternative management team but believed a deal could have been done if the board, led by chairman Gerald Corbett, had allowed a longer extension than 24 hours.
“The company took the view that either we had a deal within 24 hours or 48 hours, or we didn’t. And that may have been unfortunate. It could have been extended,” he said.