Chelsea 'disappointed' losing Battersea Power Station bid

07 June 2012 01:59
Club still 'considering other options'

Chelsea has responded to the news that they have been outbid to buy the Battersea Power Station site.

Following a secret bidding process, it's emerged that Malaysia's SP Setia and Sime Darby have won the right to redevelop the iconic site.Chelsea, submitted plans last month to buy the 15-hectare site.It's believed the Malaysian property companies submitted a bid of £400m.

Chelsea said today: "Chelsea Football Club has been informed that the administrators of the Battersea Power Station site have entered into an exclusive agreement with another party to carry out their due diligence. We will all be able to speak with more confidence about the site's future once the exclusivity period is over and the preferred bidder has been able to assimilate their risks properly and confirm the bid."We are disappointed not to be selected as the preferred bidder for Battersea Power Station, as we believe we can create an iconic and architecturally significant stadium on the site in a scheme which is commercially viable and of great benefit to the Wandsworth community and London generally. We have been clear throughout this process that Battersea is one of a limited number of options the club is considering."

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