Chelsea still hopeful to get Battersea Power Station site for stadium

Written on:June 8, 2012
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Chelsea FC Stamford Bridge Stadium

A bigger stadium for Chelsea at Battersea site...a near possibility or a distant dream?

Despite having lost the preferred bidder status to SP Setia and Sime Darby, Chelsea is still hopeful of fulfilling its dream of building a bigger stadium at the Battersea Power Station site.

The 39-acre site in Wandsworth was Chelsea’s first choice to build a new 60,000-capacity stadium, which the club strongly believing that they need, to compete with the biggest clubs in Europe and comply with Uefa Financial Fair Play regulations.

The Malaysian developers SP Setia and Sime Darby will be allotted a period of 28 days in which they have access to the finer details around the site, including its legal and planning status, upon which they can make a decision as to whether their plans are financially viable. At the end of four weeks, they will decide as to whether they would go ahead with their plan.

SP Setia and Sime Darby, who have collaborated on the project, said they have an agreement with the site’s owners to buy it for £400 million. It is not unlikely that the Malaysian developers could decide to drop out of the process having done their due diligence on the site.

It is also likely that at a later stage the Malaysian developers could invite Chelsea to become part of their plans for the redevelopment. Nevertheless, it is a major setback for the club which has only two viable sites in south-west London if it is to leave Stamford Bridge, Chelsea’s home for their entire 107-year history.

Chelsea’s developers, Almacantar, have devised detailed plans of a new stadium incorporating the Battersea Power Station although the images of it have never been released by the club. To move there, however, they would need to persuade current owners CapCo to abandon their current plans to build around 7,000 homes on the site.

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Chelsea loses stadium bid to Malaysian consortium

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