Complex sentence: As the latter two had venues in place, they were seen as having an edge on the other two, who both needed public funding for a new venue, and where the team would have to play in a sub-optimal location for several seasons.
Split into simpler sentences: As the latter two had venues in place, they were seen as having an edge on the other two. The former both needed public funding for a new venue, and where the team would have to play in a sub-optimal location for several seasons.