61.6 PER CENT VOTE FOR PROPOSAL TO CPO
Posted on: Thu 27 Oct 2011
At today's (Thursday's) general meeting of Chelsea Pitch Owners (CPO), 61.6 per cent of votes cast on Chelsea Football Club's proposals to buy the freehold land on which the Stamford Bridge stadium sits were for the proposal.
However as 75 per cent of votes were needed, the proposals fail to pass.
Chelsea FC is naturally disappointed with the result. A large number of fans supported our proposals but it was always going to be difficult when we had to have a 75 per cent majority of voting shareholders accepting them.
We approached this process with transparency and the will to do what is best for Chelsea Football Club and while we will remain as ambitious as ever, this decision could slow down our progress.
Chelsea FC chairman Bruce Buck said: 'Obviously we are disappointed but we recognise and we respect totally that the shareholders of Chelsea Pitch Owners have spoken. We will meet with Mr Abramovich and the rest of the board and we will decide what action, if any, we will take going forward.
'I don't view this as an us and against you, we against they situation. We are all Chelsea fans and I can only hope that on Saturday we can get together and support this club and beat Arsenal.'
Posted on: Thu 27 Oct 2011
At today's (Thursday's) general meeting of Chelsea Pitch Owners (CPO), 61.6 per cent of votes cast on Chelsea Football Club's proposals to buy the freehold land on which the Stamford Bridge stadium sits were for the proposal.
However as 75 per cent of votes were needed, the proposals fail to pass.
Chelsea FC is naturally disappointed with the result. A large number of fans supported our proposals but it was always going to be difficult when we had to have a 75 per cent majority of voting shareholders accepting them.
We approached this process with transparency and the will to do what is best for Chelsea Football Club and while we will remain as ambitious as ever, this decision could slow down our progress.
Chelsea FC chairman Bruce Buck said: 'Obviously we are disappointed but we recognise and we respect totally that the shareholders of Chelsea Pitch Owners have spoken. We will meet with Mr Abramovich and the rest of the board and we will decide what action, if any, we will take going forward.
'I don't view this as an us and against you, we against they situation. We are all Chelsea fans and I can only hope that on Saturday we can get together and support this club and beat Arsenal.'
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