Just meant that he appreciates £4 million a year over five years can be a lot more effective in the long run than £20m all at once. Might seem obvious, but there are many chairmen (and fans) who would opt for the latter.
Nope, that was Sporting Options, a misguided attempt to challenge Betfair's dominance in the betting exchange market. They started seeding the markets with their own money and had their trousers taken down by the shrewdies (people like Tony Bloom, in fact).
Calling Tony Bloom a gambler is a...