Chelsea Football Club today said it was disappointed not to be chosen as preferred bidder to buy Battersea Power Station.
But the Premier League club said it will watch the process closely as SP Setia and Sime Darby undertake further due diligence of the site over the next 28 days.
The club said: “Chelsea Football Club has been informed that the administrators of the Battersea Power Station site have entered into an exclusive agreement with another party to carry out their due diligence.
“We will all be able to speak with more confidence about the site’s future once the exclusivity period is over and the preferred bidder has been able to assimilate their risks properly and confirm the bid.
“We are disappointed not to be selected as the preferred bidder for Battersea Power Station, as we believe we can create an iconic and architecturally significant stadium on the site in a scheme which is commercially viable and of great benefit to the Wandsworth community and London generally.
“We have been clear throughout this process that Battersea is one of a limited number of options the club is considering.”
Nick.whitten@estatesgazette.com
