Chelsea’s dreams of moving to Battersea Power Station dashed as Malaysian consortium buy site for £400m
Chelsea’s hopes of moving to Battersea Power Station have been extinguished after a Malaysian consortium completed a £400million purchase of the London landmark.
Chelsea are considering moving away from Stamford Bridge and had lodged a bid to move to the iconic 39-acre site on the south bank of the River Thames.
The west Londoners released plans in May that detailed how they hoped to turn the derelict site in to a 60,000-seater stadium incorporating the four famous chimneys.
Administrators Ernst & Young revealed last month that they had shunned the Blues’ offer, opting instead to name a Malaysian consortium as the preferred bidders.
And after a 28-day due diligence process, the consortium’s bid has been rubber-stamped.