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Summary Chelsea lost bid to buy site near River Thames for Premier League Champions Stadium.
The club submitted an offer to buy the Battersea Power Station last month after developing plans for a 60,000-seat stadium on the site of the derelict plant whose four white, 300-foot chimneys famously feature on the cover of the Pink Floyd album Animals.The plants administrators said Wednesday that a joint bid by two Malaysian companies SP Setia and Sime Darby had been chosen to develop the site that has been vacant since 1983.Chelseas 41,800-seat stadium at Stamford Bridge in West London is the eighth-largest Premier League venue.A larger stadium would potentially boost income to help comply with European footballs new financial controls by bringing in higher revenue from ticket sales.
