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I once heard from a very good source (Overcoat Man - I was in the company but not the conversation) that a Chinese Zillionaire had shown interests in buying the Club, what was said with reference to Mr Dunphy during his chairmanship and I quote "Dunphy's ego got the better of him and he blocked it" might this go at lest some way to answering your question !
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Current situation and Dunphy on 20:31 - Mar 26 with 2746 views
Current situation and Dunphy on 16:27 - Mar 26 by bluevein64
I once heard from a very good source (Overcoat Man - I was in the company but not the conversation) that a Chinese Zillionaire had shown interests in buying the Club, what was said with reference to Mr Dunphy during his chairmanship and I quote "Dunphy's ego got the better of him and he blocked it" might this go at lest some way to answering your question !
If true thank God for Dunphy’s ego.
To be serious Dunphy could not block anything like this by himself. He was part of a BoD.
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Current situation and Dunphy on 20:54 - Mar 26 with 2675 views