Chelsea shelve plans for new stadium

New Stamford Bridge

Chelsea shelve plans for new stadium

The announcement follows news last week that the club's owner, Roman Abramovich, would become an Israeli citizen after his United Kingdom visa expired and he suffered delays having it renewed.

But the 51-year-old can not work in England and that has prompted him to put Chelsea's new stadium project on hold with no promise that it will be resurrected.

Chelsea said: "No further pre-construction design and planning work will occur".

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 claim that the plans have been put on hold due to "the current unfavourable investment climate". Due to this, it was noted that the billionaire, who recently lived in London and owns Chelsea FC, was denied prolongation of visa.

But Theresa May has since said it is prudent for the Government to look at whether this particular part of the UK's visa regime is being used "properly".

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"He will want to clarify any misunderstanding and speculations".

Chelsea had been planning an extensive redevelopment of their Stamford Bridge stadium, including increasing the capacity to 60,000.

It is known that the Chelsea owner has already chose to freeze the reconstruction of home stadium Stamford Bridge.

The visa had been "delayed" as part of the diplomatic spat between Britain and Russian Federation over the poisoning of former double agent Sergei Skripal and his daughter Yulia in the English town of Salisbury earlier this year.

Chelsea ended a disappointing season on a high by winning the FA Cup.

It was widely reported that after leaving Napoli Maurizio Sarri would replace Conte as Chelsea's next manager.

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