CPO to hold EGM in three months

The CPO board agreed to hold an EGM before being reappointed at

this month’s stormy annual general meeting at Stamford Bridge.

Shareholders in the company which owns the land beneath

Chelsea’s home ground forced CPO to investigate the sale of shares

leading up to October’s EGM, at which the club attempted to buy

back the stadium freehold.

CPO chairman Steve Frankham said in a statement: “We intend

holding that further general meeting in approximately three


“Before the meeting is convened, an investigation will be

completed under the supervision of Gray Smith into the issue of

excess shares last October and he will present fellow directors

with recommendations as to what, if any, steps can be taken to

mitigate the situation – including considering ideas raised at the