Chelsea to learn whether Stamford Bridge land can be bought back
Chelsea will learn on Thursday whether their bid to buy back the freehold for the land on which Stamford Bridge is built is to be accepted by Chelsea Pitch Owners, with opponents of the proposals still hopeful of swaying shareholders at the morning’s extraordinary general meeting.
A list of 10 questions the Say No CPO (SNCPO) campaigners want answered by CPO’s three-man board of directors is to be distributed outside the meeting at the stadium in the hope that, if shareholders are Authentic Prada Canvas Bag invited to speak, the queries can be put to the top table. The questions reflect the concerns within the Authentic Prada Fairy Bag For Sale SNCPO that the safety net of CPO’s existence would be removed should the club’s proposals be accepted by the required 75% of shares of the shareholders present or voting by proxy.
The questions it hopes to ask the chairman, Richard King, include one asking to what Are Prada Handbags Cheaper In Italy extent the board negotiated with the club “to modify the proposal put to the meeting” in talks earlier this year. It will also seek to query why two of the three directors of Authentic Prada Handbags Canada CPO are actually employed by the club, when Are All Prada Products Made In Italy “company’s Articles imply such a scenario would invalidate CPO’s crucial independence from the club”, and if the team’s failure ever Biggest Prada Store London to qualify for the Champions League might see the club’s value fall and leave it “vulnerable to asset strippers again”.
The Chelsea chairman, Bruce Buck, who purchased 100 shares himself in mid-March, announced on 3 October that the club wished to buy back the pitch, the turnstiles and the land upon which the stadium’s four stands are constructed from CPO, a not-for-profit initiative launched in 1993 and designed to prevent property developers ever purchasing the 13-acre site off the Fulham Road. Authentic Prada Vitello Daino Buck has argued that click, while Chelsea have not decided whether to relocate from Stamford Bridge, they need to have the ability to sell the land upon which their home of 106 years stands before negotiating with developers at any potential new site, whether that be White City, Earl’s Court or Battersea Nine Elms.
While SNCPO is not opposed in principle to the club leaving their current home, it has complained that proposals that will have a major impact upon the long-term future of the club have effectively been rushed through with the minimum legally required notice period ahead of the EGM. Similarly, it has expressed concern over a sudden rush of trading in shares of CPO. In the last week before sales were suspended, more than 200,000 was spent on Agatha Authentic Prada Bags For Sale Philippines Ruiz Prada Online Shop shares which cost 100 each and are limited to 100 per person.
In all, more shares were sold in that period than in the previous seven years, representing more than 10% of all the shares in issue. The fans’ groups lobbying for a “no” vote fear that some have been bought by individuals with loyalties to the club. “My assumption would be that most of them are ‘yes’ votes,” said a Authentic Prada Fairy Bag Sale spokesperson for SNCPO.
Regardless, SNCPO is confident it has mustered around 3,000 votes C including those supplied by proxy C though it remains to be seen whether that would be enough to defeat Chelsea’s proposals. Its leaders hope to sway those who are still undecided on how to vote with the questions from the floor before the issue is resolved. The club insist they are not in a position to predict how the vote will go, but are hopeful their proposals will be accepted.