Dion Fanning: Todd Boehly’s Chelsea plan is foolproof as long as nobody panics

'Doing a Leeds’ is part of the folk memory of English football, a reminder that sometimes when people panic, they panic for a reason.

DONT PANIC: 'Doing a Leeds’ is part of the folk memory of English football, a reminder that sometimes when people panic, they panic for a reason. Pic: Adam Davy/PA Wire

If you’ve seen The Big Short, you’ll know Michael Burry, the investor who bet on the housing market crash.

Burry did so with significant unease from his own investors. He saw something they didn’t and as he made his bets, the movie shows a key backer telling Burry that his strategy means “we lose millions until something that’s never happened before happens”.