Roman Abramovich plan for Battersea site

Roman Abramovich is in talks to take control of the Battersea power station site.

The Chelsea FC owner has held discussions about the building as one of the possible destinations for a new home for the Premier League club with retail park.

It is believed the billionaire Russian's plans are approved by Ireland's National Asset Management Agency, the state-owned body which manages Irish-company assets in the wake of the country's banking crisis.

But Rob Tincknell, a director of owner Real Estate Opportunities, said: "Chelsea Football Club does not fit on the power station site."