Nearly £250,000 has been spent on shares in Chelsea Pitch Owners (CPO) since the club announced their plans to buy back the Stamford Bridge freehold three weeks ago as the first step in the search for a new stadium.
Nearly £250,000 has been spent on shares in Chelsea Pitch Owners (CPO) since the club announced their plans to buy back the Stamford Bridge freehold three weeks ago as the first step in the search for a new stadium.
Shares in CPO have increased by about 2,500 to nearly 18,000, a rise greater than the combined purchases in the last seven years. Most of the purchases have been made in the last ten days. Some fans are concerned that this could tip the balance in the vote tomorrow when the club require 75 per cent of CPO shareholders to agree their offer to repay the £100 unit price of their shares.
Some fans have questioned why shares continued to be issued after the club announcement, although this has now stopped. They questioned the leadership of CPO chairman Richard King who had talks with Chelsea in March but did not tell shareholders.