Battersea Power Station could be turned into £1bn 60,000-seat stadium.

Chelsea unveiling plans to move to a new stadium at Battersea Power Station.

After years of deliberation, the club is ready to leave their home since 1905 for a new 60,000 capacity on the south bank of the Thames.
The £1.2billion project, which would include the largest single-tier seated stand in Europe and a shopping development, has a number of significant obstacles to overcome.
But as Roberto Di Matteo’s side aim for a fourth FA Cup triumph in six seasons, the announcement was a clear sign of Roman Abramovich’s determination to leave a legacy off the pitch as well as on it.
While the sale of Stamford Bridge – which would have to be agreed by Chelsea Pitch Owners, who own the freehold and rejected attempts to buy it back last year – would raise around £600million, that would still leave a similar shortfall.
Chelsea are ready to pledge up to £200m to help build a new Northern Line tube station to transport extra fans – the new stadium would hold a third more than Stamford Bridge’s 44,000 capacity.
That comes in addition to the £500m cost of the site, £150m to restore the facade of the iconic chimneys, towers and Grade Two-listed turbine hall of the power station, built in the 1930s but disused since 1983.
Chelsea, likely to borrow rather than ask Abramovich to stump up further after he has already spent more than £1bn since his takeover, insist they are still interested in Earl’s Court and have not decided, definitively, to leave the Bridge.
But going public on the concept is a clear sign of their intentions, with the new stadium potentially being completed by 2016 if planning hurdles can be cleared.
Chelsea said: “Our initial plans include a 15,000-all-seated one-tier stand behind the south goal, likely to be the biggest one-tier stand in football.
“Also as suggested by many fans, the stadium proposed is rectangular in shape with four separate stands.”