I've heard it called a "Hollywood finish" and have sailed a couple of regattas with it. Had a VERY entertaining finish with Randy one day... but... that's a story for another time, lol.
If it were me, I'd be agressive. Keep the hammer down and dive some if you have to get clear.
I'd expect to see gray go at the mark. If I were them, I'd be thinking, "blue has no rights, but has speed, we have to slow down to gybe and possibly douse" and therefor go as early as possible for the short distance to the boat end of the line.
Green will probably follow suit and maybe try to screw with them with a better gybe/douse.
Yellow is the real issue. They will be driven to overstand slighlty. Make that crossing and I'd say blue is money to the finish if they can keep the kite up.
Blue, I'd put the hammer down, take 1-2 steps aft and plan to double trap reach hard. Survival reaching while being ready to drop the kite or flog it for 2-3 seconds just to get across the line. Let them deal with gybing, dousing and resetting, use the advantage that you have by being on the correct tack.
It may be a longer disance, but aim for the ball and go for it. By not slowing down for the gybe, there's at least one boat lenght in there to blue's advantage if played right.
Granted, I'm agressive and sail with agressive skippers...