Chelseas new stadium bid rejected
Updated Thursday, 7th June 2012
Chelsea have failed in their attempt to build a new 60,000-seater stadium at London's Battersea Power Station, it was announced on Friday.
Last month the European champions said they wanted to buy the site, whose centrepiece is the giant red-brick power station and four giant chimney stacks that were depicted on the cover of Pink Floyd's 1977 album "Animals".
Chelsea are keen to move from their Stamford Bridge home in west London as its capacity of 42,000 means they lose matchday revenue in comparison to the likes of Premier League rivals Manchester United and Arsenal, who have far bigger grounds.
However, administrators said Thursday a joint real estate bid by two Malaysian companies had been chosen instead for the power station site.