London: Chelsea has no chance to buy Battersea?

source: Reuters.com

London: Chelsea has no chance to buy Battersea? An insider informs Reuters that Chelsea’s bid to acquire the Battersea plot is “way off the pace” with most probable buyer coming from Malaysia. Decision is expected soon.

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Earlier in May Chelsea confirmed the club had launched a bid to buy the 40-acre plot that includes listed Battersea power plant. The club plans to conjoin the existing building with new stadium for up to 60,000 spectators and a commercial centre.

However a source requesting anonymity has told Reuters that it’s not Chelsea who’s will be chosen by authorities as preferred bidder. There are around 15 companies interested with leaders being Malaysian SP Setia and British Godfrey Bradman. Then again, “Property Week” magazine suggests Bradman’s bid may be in jeopardy after key investors have withdrawn their support.

This means Setia may soon enjoy their first European residential development. Chelsea’s chances to threaten that candidate are thought to be illusory with their bid described as “way off the pace”. Chelsea have been attempting to leave Stamford Bridge since last year, but are yet to reach agreement with CPO, fan-lead organisation that owns the land under current stadium.

Decision is expected soon, possibly even this week.

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