Another big move as BlueCo complete historic purchase to push forward Stamford Bridge plans
BlueCo, the parent company of Chelsea, have today confirmed an agreement has been reached for the purchase of Sir Oswald Stoll Mansions Site. The site is located adjacent to Stamford Bridge.
The idea behind purchasing and taking control of the site is that it will allow the club more freedom to expand Stamford Bridge should they choose to do so. However, whether they redevelop the current stadium or move site elsewhere has still not been made clear to the public yet.
Jason Gannon, Chief Operating Officer at Chelsea Football Club, said: “We are delighted to increase our footprint at Stamford Bridge and take a significant step towards ensuring the long-term financial sustainability of the club.
“We appreciate the opportunity to work with Stoll throughout a competitive tender process and we are pleased to help ensure those veterans that wish to remain inside the Borough of Hammersmith & Fulham will be able to do so. Our thanks go to both Stoll and the local council, whose leadership has been essential to the process.”
Hammersmith & Fulham Council Deputy Leader Ben Coleman said: “When we found out about the plight of the Stoll veterans, I asked Chelsea to pause the sale until Stoll had agreed to make no-one homeless and work with the council on finding a suitable site in Fulham that kept the community together. I’m extremely grateful to Chelsea for agreeing to do so and for the way they have worked with us to find a solution that puts the interests of the vets first.
“It has been my privilege to champion the vets who served our country and we are delighted no veteran will now be made homeless and the entire community can stay together in Fulham, where they belong and where we are proud to have them.”
Stoll Chief Executive, Will Campbell-Wroe, said: “The completion of the sale marks a transformational moment for Stoll, and forms a central part of our long-standing mission to house and support many more veterans to lead fulfilling, independent lives both now and in the future. We understand that any transition to a new home will be challenging for many of our residents, and we are committed to providing every resident with an enhanced programme of financial, wellbeing and rehousing support – as we have been throughout this process.
“The properties at King’s Road Park will provide a higher standard of living along with being more comfortable, sustainable and energy efficient.”
Chelsea and Stoll have worked together with the London Borough of Hammersmith and Fulham Council in the negotiations of the soon-to-be-completed purchase. The residents living at the 1.9-acre site will be re-homed at the new Fulham site, or elsewhere if they prefer, Stoll have confirmed.
