Is Blair planning a “large donation” to the Labour Party?

We already know that Labour’s finances are about to take a hit with Unite likely to cut affiliation fees to Labour by over £1 million this week. But could Tony Blair be the man to help bridge the gap for Miliband? The former PM praised Miliband’s party reforms this weekend, and the New Statesman reports that:

“Blair himself has recently had discussions with Labour figures about making a “large donation” to the party. Blair, who again praised Miliband’s party reforms at the weekend, has appeared at fundraising dinners and has been advising the party on how to maximise Britain’s “Olympic legacy”.  A donation from the former PM, who is now estimated to be worth £75m (and will shortly appear on the Sunday TimesRich List for the first time), would certainly be welcomed by party treasurers, but my source suggested that the recent Rebekah Brooks revelations may have delayed the move.”

A donation from Blair would not be uncontroversial for some in the party – especially given the upcoming Chilcott report, which may make difficult reading for Labour’s most electorally successful leader. But the Labour Party certainly needs financial support going into the general election, which Blair may be in a position to provide.