Chelsea shelve plans for new stadium

01 June, 2018, 22:15 | Author: Greg Lawrence
  • Roman Abramovich is reportedly unhappy with Conte

Meanwhile, Abramovich has put plans for a new 60,000 seater stadium at Stamford Bridge on hold after the Home Office delayed renewing his visa at a time of major political tension between Russian Federation and Britain.

Abramovich's "Home Office stand-off" has left Chelsea in "limbo", according to The Daily Telegraph, and he has reportedly withdrawn his United Kingdom investor visa application "in retaliation to the hardline attitude of the Home Office".

The club, who finished fifth in the Premier League and therefore failed to qualify for the Champions League, said plans to redevelop Stamford Bridge had been put on hold indefinitely. "No further pre-construction design and planning work will occur", Chelsea said in a statement in London.

If Abramovich now decides to sell Chelsea, The Times reports that the club's value will be somewhere between the £1.17bn that Abramovich has put into the club and Forbes' valuation of £1.4bn.

The club released a statement suggesting that plans to increase the capacity of the stadium to 60,000 will be postponed due to the "current unfavourable investment climate".

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The club was looking to build the new stadium on the current Stamford Bridge site, and planned to moved in by 2021.

But it is understood that Abramovich's decision will have no impact on the running of the football team.

The announcement comes at a hard time for the Blues, with Russian owner Roman Abramovich still waiting on the extension of his British visa.

It was widely reported that after leaving Napoli Maurizio Sarri would replace Conte as Chelsea's next manager. It has not been confirmed that the Abramovich situation is the reason, but that is the assumption of most observers.

Chelsea are interested in Robert Lewandowski, Anthony Martial, Christian Pulisic and Jean Seri, but have doubts over the futures of Eden Hazard, Thibaut Courtois and Alvaro Morata.

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