Chelsea lose pitch vote

The Chelsea Pitch Owners (CPO) have voted not to sell the pitch back to the club, making a move away from Stamford Bridge more difficult.

The BBC reports the a vote amoung the shareholders of CPO to allow Chelsea to buy back their pitch only achieved 61.5% of shareholders in favour, short of the 75% required.

CPO acquired the freehold to the stadium in 1997 to protect Stamford Bridge from developers should the club run into financial difficulties in a scheme thought up by then chairman Ken Bates.

Without ownership of the freehold, it is difficult for Chelsea to sell Stamford Bridge for redevelopment and move to any of the rumoured target locations, which include Nine Elms, Earls Court, White City and Imperial Wharf.

See previous coverage.

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