Battersea bid to be rejected

Chelsea Football Club will almost certainly fail in its bid to move its stadium to London landmark Battersea Power Station, a source close to the sale process told Reuters.

About 15 bidders including Chelsea, which is owned by Russian billionaire Roman Abramovich, submitted plans earlier this month to buy the protected 15-hectare site on the south bank of the River Thames, the subject of repeated failed redevelopment attempts in the three decades since it shut.

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