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Dan Levene ‏ @BluesChronicle Reply Retweet Favorite · Open

Have been told to expect a joint statement from Chelsea FC and the CPO Board later today. Interesting. More when I get it.

WHS' source is right as usual!

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Dan Levene ‏ @BluesChronicle Reply Retweet Favorite · Open

Have been told to expect a joint statement from Chelsea FC and the CPO Board later today. Interesting. More when I get it.

WHS' source is right as usual!

Dan Levene ‏ @BluesChronicle Reply Retweet Favorite · Open

Have been told to expect a joint statement from Chelsea FC and the CPO Board later today. Interesting. More when I get it.

WHS' source is right as usual!

CPO to take over from AVB as coach in return for handing over freehold .

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Conclusions

It is clear to the Board of Chelsea Football Club that a complete new build of a 60,000 seat stadium at Stamford Bridge has little chance of acceptability. We believe that, after our discussions with the council they have come to the same conclusion. A 60,000 new-build would cost over £600 million and require the club to play away for at least three seasons and, even if the economics were acceptable, the planning risks would likely be insurmountable.

Expanding Stamford Bridge to 55,000 also has a number of challenges. The cost per seat of expanding the stands is very high. The incremental revenues provide an unsatisfactory level of return, would not even cover the hypothetical financing costs, and the planning risks are significant. We believe the council recognises these challenges.

The club's exercise over the years has been to analyse a large spectrum of possible expansion options, even some which would appear to be unworkable. The Board recognises that our work will not satisfy every fan, but the Board also believes its work has been thorough, appropriate and in the best interests of the club and all of our fans.

To reiterate what was said at the beginning of this summary, the club are not in any way stating we have made a decision on the need to move.

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To reiterate what was said at the beginning of this summary, the club are not in any way stating we have made a decision on the need to move.

But they are basically saying there are no other options other than to move, which (I assume) they are not allowed to say outright as they have to have an agreement with the CPO. Good to see the club releasing their information so thoroughly.

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Fair enough CFC. They have basically said, we can't expand.. Hopefully CPO's convinced by Chelsea's attempt to be transparent.

CPO are saying that although they like most had hoped to stay at the Bridge, it now looks unlikely but they will be checking with Fulham and Hammersmith borough to make sure that all the figures Chels have put forward are correct. Looks like the end of an era
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Fair enough CFC. They have basically said, we can't expand.. Hopefully CPO's convinced by Chelsea's attempt to be transparent.

CPO are saying that although they like most had hoped to stay at the Bridge, it now looks unlikely but they will be checking with Fulham and Hammersmith borough to make sure that all the figures Chels have put forward are correct. Looks like the end of an era

But they are basically saying there are no other options other than to move, which (I assume) they are not allowed to say outright as they have to have an agreement with the CPO. Good to see the club releasing their information so thoroughly.

And promptly! couldnt believe the web site had this up 18:30 on the dot
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CPO are saying that although they like most had hoped to stay at the Bridge, it now looks unlikely but they will be checking with Fulham and Hammersmith borough to make sure that all the figures Chels have put forward are correct. Looks like the end of an era

Yeah I just saw. End of an era, indeed, but hopefully the mark of a brighter era too.

I do like how Chelsea considered both 60k and 55k expansion though.

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