Chelsea owner Roman Abramovich rejected buying shares Tottenham after chairman Daniel Levy tried to convince him to take a minority stake.
Mark Taylor, former Chelsea director, explained that the Russian businessman was in talks to buy the Blues rival London club, Tottenham, before he took control at Stamford Bridge.
Abramovich had gone to see Levy the day before he met with Chelsea but the Spurs chairman tried to sell him short after he wanted a majority stake.
'The key point was that when Ken met Roman and Eugene Tenenbaum they made it very clear that they wanted to buy control,' Taylor explained to The Athletic.