Chelsea FC have confirmed they are among the bidders to buy the Battersea Power Station site from NAMA.
The club have issued a statement confirming they were among those who met today’s midday deadline for bid submissions. They are working with Almacantar.
The club statement said: “Chelsea Football Club can confirm that we have today submitted an offer, with our property development partner Almacantar, to acquire the 39-acre Battersea Power Station site.”
They say the site has the potential to become one of the most iconic football stadiums in the world.
The sale has been triggered by NAMA, the Irish Government’s “bad bank”, which took possession of the site from REO Treasury Holdings when they went into administration. The sale is proceeding despite reports Treasury are bringing an action against NAMA for lost earnings.
The club say they have worked with architects and planning experts to develop a plan to preserve all the significant aspects of Battersea Power Station. The four iconic chimneys and wash towers along with the Grade II* listed west turbine hall and control room would be restored and retained in their original locations and provide an architectural backdrop to a 60,000 seat stadium.
As well as a new stadium, the development would include a “town centre” with substantial street-level retail shops, affordable housing and offices.
Chelsea say they would make a significant contribution towards the proposed Northern Line Extension.
The move would mean leaving their historic home at Stamford Bridge, in LB Hammersmith & Fulham, and moving to Wandsworth, something Hammersmith & Fulham are keen to prevent. They say they are open to discussions about increased capacity at Chelsea’s present ground.
Cllr Nick Botterill, H&F Council’s deputy leader, said: “Stamford Bridge is Chelsea’s historic home and it remains the council’s view that it should be their future home. “We want the Blues to stay at Stamford Bridge and, if it can be done sensibly without negatively affecting local people, increase the ground’s capacity so they can retain their position as one of Europe’s top clubs.”