A Fulham spokesman told the Evening Standard: "The chairman wrote to Bates declining the offer.
"Fayed and Bates are good friends and lunch together frequently. When Ken came to see the chairman at Harrods last month he floated the idea of a partial buy-in to Chelsea Village."Fayed saw the conversation as a speculative exchange of ideas and was surprised to receive a formal proposal from the Chelsea lawyer the following day.
"He is publicly committed to redeveloping Craven Cottage or at least building a modern stadium somewhere in the borough of Hammersmith and Fulham."
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