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Post by El Chelsea Fuerte on Tue Oct 04, 2011 5:19 am

http://www.chelseafc.com/page/LatestNews/0,,10268~2471443,00.html

Chelsea FC wrote:
Roman Abramovich's ownership and long-term commitment to the club [yes you heard it right haters Very Happy]removes the once real danger that the team could find itself homeless or at a substandard ground, therefore we believe the CPO safeguard is no longer necessary.

Chelsea FC will, in return for the freehold, effectively write off the remainder of a £10 million loan given to CPO 14 years ago to assist CPO's purchase of the freehold.

So basically what had happened in the 1993 was that Stamford Bridge came under a real threat as a football stadium and Chelsea agreed to 'sell' it to 15,000 shares (most of them fans) so that it wasn't bought by other people. Along with that deal Chelsea agreed to loan them 10m to help them with buying it.

Now, as we all know, there was this discussion that if Chelsea moved they would have to change their name to something else. However, if the CPO agrees the new deal, which would see their loan being written off, Chelsea would be no longer obliged to change their name and would be allowed to switch stadiums keeping Chelsea FC as the team's name.

However, we would not be able to move into any place more than 3 miles away anytime before 2020, but that's only a little more than 8 years away.

The club won't admit it but this is obviously the first step in securing a new stadium, since SB can't produce the amount of money we need to function.


Last edited by english_jewel on Thu Oct 06, 2011 5:22 am; edited 2 times in total

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Post by El Chelsea Fuerte on Thu Oct 06, 2011 5:20 am

What? None of you are interested in our stadium's future? Sad

This news was just to get your feet wet! Read the official brochure from Chelsea, including a letter talking about the club's stadium ambitions: http://www.chelseafc.com/page/ChelseaPitchOwnersSpecial/0,,10268,00.html

The plan is to get a 60k+ stadium within 3 miles (and the deal with CPO says that we can within three miles anytime...) and that would put us within the top 15 largest stadiums in Europe and at least top 3 in England (Liverpool getting a stadium upgrade too, don't know the capacity of that)!!

Gourlay says that a 60k+ stadium would get us 35m more in revenues!

For possible locations: http://thechels.net/2011/03/the-chelsea-stadium-move/

Are you excited NOW? bounce

drinking

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Post by fatman123 on Thu Oct 06, 2011 5:50 am

you want to keep this thread running for the next 5-10 years? cause i doubt anything major happens before then

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Post by Kick on Mon Oct 10, 2011 6:59 am

Wow, i saw this on holiday but did not tAke the time toread it.

Good news if it happens, I hope we move once we have a good young team, otherwise we could go through the same problems as arsenal.

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Post by iNFINITY9910 on Thu Oct 20, 2011 10:20 am

Lets wait n see.. im waiting for something concrete...

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Post by El Chelsea Fuerte on Sun Nov 13, 2011 4:11 am

So...the CPO voted no to the proposal (but still had 62% yes votes but needed 75%) and the club still haven't decided whether they will hand out another proposal.

In related news, Gourlay said we'll sell naming rights within 6-8 months but the new name will have Stamford Bridge in it. He again stressed the need for a 60-65k stadium, which makes me sure that they will come back with another proposal in next month's meeting. I'm sure they planned out what they would do if the first proposal got a no vote.

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Post by Kick on Sun Nov 13, 2011 5:58 am

Yeah, it will only take one or two more before we get a yes IMO.

It is exciting stuff and I do hope we get a yes. A part from experience and a RB not much is missing from our young squad so now is a great time to get a new stadium.

As long as we learn from the last proposal and improve on it eventually we will get it.

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Post by Kick on Mon Dec 19, 2011 3:31 am

Good news on the stadium front.

I have a feeling this satadium will cost about £750-900m, including buying the site. Maybe more even.

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Post by Kick on Fri Mar 09, 2012 10:59 pm

Interesting turn of events today, the Fullham council have come out and said they want Chelsea to remain at the bridge even if that means upgrading the stadium (the reason why we couldn't upgrade before) so we may end up adding 20k seats on. That would be good if we could as it would be cheaper.

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Post by Kick on Fri May 04, 2012 1:47 pm

Bid sumbitted for powerplant.

Interesting.

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Post by Kick on Mon May 28, 2012 2:05 pm

Battersea Bid to be rejected.

Crying or Very sad

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Post by Blue Barrett on Mon May 28, 2012 2:07 pm

Documents or it didn't happen. :coffee:

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Post by Kick on Mon May 28, 2012 2:08 pm

Lol, I doubt we will give up on it too. I imgine we will make another bid.

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Post by Blue Barrett on Mon May 28, 2012 2:10 pm

Of course we will. Roman gets what he wants! Cool

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Post by Kick on Mon May 28, 2012 2:13 pm

I still think it would be an epic stadium so went cannot give up on it.

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Post by Blue Barrett on Mon May 28, 2012 2:15 pm

Would be so farking iconic too!

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Post by Kick on Mon May 28, 2012 2:18 pm

Not only does Roman want it, but I want it too!

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Post by Kick on Thu Jun 07, 2012 1:59 pm

Battersea bid has failed. CFC site.

Shame, would have been awesome. This is a real blow because now we will have to move further away.

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Post by Kick on Thu Jun 07, 2012 2:06 pm

Brilliant idea, When we finally build our new stadium, Add the 4 chimney's anyway to make it look boss!

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Post by Abramovich on Thu Jun 07, 2012 4:03 pm

Sad am kinda gutted about that cos that site would have been awesome.
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Post by Blue Barrett on Mon Jun 11, 2012 4:44 am


The chief executive of SP Setia also said the £400m which has secured preferred bidder status for the Malaysian consortium hoping to buy the iconic south London structure represents 'good value'.


The company is in a joint venture with Sime Darby, Malaysia’s biggest conglomerate, to turn the 38-acre site into new homes, shops and offices.


The consortium, which made the largest offer in a sealed bidding process, now has one month to conduct due diligence and agree the final terms of the deal, although Mr Liew said the latter will be the focus since they have been examining the practicalities of the development for six months.


Mr Liew said: “The pricing is quite competitive and it's a good time to invest in the UK.


“It's iconic – everyone in London knows the site so we don't need to reinvent the wheel. Even Malaysians know about it. We're very comfortable with developments of this size and the complexity of the project,”
he told The Daily Telegraph.
SP Setia was one of approximately 15 bidders, including Chelsea Football Club, for the site, which has been the subject of repeated failed redevelopment attempts in the three decades since it closed.

Chelsea had earmarked the area for a new 60,000-capacity stadium. The club said it was “disappointed” to lose out on preferred bidder status although a Chelsea stadium becoming part of the Malaysians' redevelopment plans has not been ruled out.

However, Mr Liew said: “I don't want to say anything right now, but from what I know, from what I read...a stadium is out of the question.

"But we need to speak to the respective councils about what is and isn't possible. For now we're committed to following the [agreed] plan which is residential, commercial, retail and social [housing], [and an] extension of the Northern Line.

“I don't know Mr Chelsea, Mr Abramovich. We haven't discussed the bid. We're just a foreigner bidding for a bit of land in London. We'd like to get it first then talk about other things. It's not ours yet and we don't know what will happen over the next 28 days. Let's do one thing at a time.”

The successful bidder will be responsible for developing the proposed Northern Line extension of the London Underground.

Mr Liew, who was speaking from Monte Carlo for the final of the Ernst & Young World Entrepreneur of the Year competition, said he hopes to meet London mayor Boris Johnson and officials from Transport for London next week to gauge their requirements for the site.

“A massive upgrade of infrastructure is needed and we're committed to creating jobs in the local area,” he said.
The building's famous four chimney stacks will be preserved, Mr Liew added.

“We're here to spend quite a bit of money to maintain the iconic area. We're conducting a detailed study to work out how to get it done without offending any part of the community.”
The consortium will fund the proposed redevelopment with a mixture of debt and “internal funds”, Mr Liew said, although he insisted the Malaysian government had no direct financial role in the bid despite the fact that both SP Setia and Sime Darby are supported by Malaysian sovereign wealth fund Permodalan Nasional Berhad.

Mr Liew added: “We want to tap the market for Asians who want to buy properties in London...we believe we can boost the economy of London by taking the lead and in future maybe our customers will follow us.

“If you look at the potential of London as an international city, it's tremendous. Yes there are bad times, [but] which country, which family doesn't go through rough times? It's a matter of the economic cycle. I'm sure London will come back.”


The site came on the market after a £5.5bn bid by Irish developer Treasury Holdings collapsed in December.

Dr. James Mwangi, chief executive of Kenya’s Equity Bank, was named winner of the accountancy firm's annual global entrepreneurship competition at a ceremony on Saturday night for turning a failing micro-finance operation into the largest bank by customer base in East and Central Africa.
http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/9320957/Battersea-power-station-bidder-Liew-Kee-Sin-rules-plans-for-a-football-stadium-on-the-historic-site-for-now.html

Sad

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Post by Shed on Mon Jun 11, 2012 4:49 am

Barrettinator wrote:

The chief executive of SP Setia also said the £400m which has secured preferred bidder status for the Malaysian consortium hoping to buy the iconic south London structure represents 'good value'.


The company is in a joint venture with Sime Darby, Malaysia’s biggest conglomerate, to turn the 38-acre site into new homes, shops and offices.


The consortium, which made the largest offer in a sealed bidding process, now has one month to conduct due diligence and agree the final terms of the deal, although Mr Liew said the latter will be the focus since they have been examining the practicalities of the development for six months.


Mr Liew said: “The pricing is quite competitive and it's a good time to invest in the UK.


“It's iconic – everyone in London knows the site so we don't need to reinvent the wheel. Even Malaysians know about it. We're very comfortable with developments of this size and the complexity of the project,”
he told The Daily Telegraph.
SP Setia was one of approximately 15 bidders, including Chelsea Football Club, for the site, which has been the subject of repeated failed redevelopment attempts in the three decades since it closed.

Chelsea had earmarked the area for a new 60,000-capacity stadium. The club said it was “disappointed” to lose out on preferred bidder status although a Chelsea stadium becoming part of the Malaysians' redevelopment plans has not been ruled out.

However, Mr Liew said: “I don't want to say anything right now, but from what I know, from what I read...a stadium is out of the question.

"But we need to speak to the respective councils about what is and isn't possible. For now we're committed to following the [agreed] plan which is residential, commercial, retail and social [housing], [and an] extension of the Northern Line.

“I don't know Mr Chelsea, Mr Abramovich. We haven't discussed the bid. We're just a foreigner bidding for a bit of land in London. We'd like to get it first then talk about other things. It's not ours yet and we don't know what will happen over the next 28 days. Let's do one thing at a time.”

The successful bidder will be responsible for developing the proposed Northern Line extension of the London Underground.

Mr Liew, who was speaking from Monte Carlo for the final of the Ernst & Young World Entrepreneur of the Year competition, said he hopes to meet London mayor Boris Johnson and officials from Transport for London next week to gauge their requirements for the site.

“A massive upgrade of infrastructure is needed and we're committed to creating jobs in the local area,” he said.
The building's famous four chimney stacks will be preserved, Mr Liew added.

“We're here to spend quite a bit of money to maintain the iconic area. We're conducting a detailed study to work out how to get it done without offending any part of the community.”
The consortium will fund the proposed redevelopment with a mixture of debt and “internal funds”, Mr Liew said, although he insisted the Malaysian government had no direct financial role in the bid despite the fact that both SP Setia and Sime Darby are supported by Malaysian sovereign wealth fund Permodalan Nasional Berhad.

Mr Liew added: “We want to tap the market for Asians who want to buy properties in London...we believe we can boost the economy of London by taking the lead and in future maybe our customers will follow us.

“If you look at the potential of London as an international city, it's tremendous. Yes there are bad times, [but] which country, which family doesn't go through rough times? It's a matter of the economic cycle. I'm sure London will come back.”


The site came on the market after a £5.5bn bid by Irish developer Treasury Holdings collapsed in December.

Dr. James Mwangi, chief executive of Kenya’s Equity Bank, was named winner of the accountancy firm's annual global entrepreneurship competition at a ceremony on Saturday night for turning a failing micro-finance operation into the largest bank by customer base in East and Central Africa.
http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/9320957/Battersea-power-station-bidder-Liew-Kee-Sin-rules-plans-for-a-football-stadium-on-the-historic-site-for-now.html

Sad

You're upset about it?

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Post by Blue Barrett on Mon Jun 11, 2012 4:51 am

I'm upset about the fact that we're not the actual preferred bidders.

DOn't want us to be subject to anyone's conditions.

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Post by Shed on Mon Jun 11, 2012 4:53 am

Ah.

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Post by Kick on Mon Jun 11, 2012 5:33 am

I really liked the idea for that site.

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