The current club ownership have stated that a larger stadium is necessary in order for Chelsea to stay competitive with rival clubs who have significantly larger stadia, such as Arsenal and Manchester United. Owing to its location next to a main road and two railway lines, fans can only enter Stamford Bridge via the Fulham Road exits, which places constraints on expansion due to health and safety regulations. The club have consistently affirmed their desire to keep Chelsea at their current home, but have nonetheless been linked with a move to various nearby sites, including the Earls Court Exhibition Centre, Battersea Power Station and the Chelsea Barracks. In October 2011, a proposal from the club to buy back the freehold to the land on which Stamford Bridge sits was voted down by Chelsea Pitch Owners shareholders. In May 2012, the club made a formal bid to purchase Battersea Power Station, with a view to developing the site into a new stadium, but lost out to a Malaysian consortium. The club subsequently announced plans to redevelop Stamford Bridge into a 60,000-seater stadium,