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Chelsea put stadium plans on hold because of 'unfavourable financial conditions'

Chelsea put stadium plans on hold because of 'unfavourable financial conditions'

The redeveloped Stamford Bridge will be Europe's most expensive stadium at £1bnChelsea have put their new stadium plans on hold citing an "unfavourable investment climate".The estimated cost for a new 60,000 seat Stamford Bridge has increased to £1bn after delays, which included a dispute with a local family.The club was first granted permission by the council to start work in January 2017 but the row was settled in March.
"No further pre-construction design and planning work will occur," a club statement said."The club does not have a timeframe set for reconsideration of its decision."Chelsea are owned by Russian billionaire Roman Abramovich, who has faced delays in renewing his UK visa which reportedly expired some weeks ago.The British government has refused to comment on his individual case.Plans were under consideration to move Chelsea matches to Wembley stadium for the four years it would take to redevelop Stamford Bridge. But the future of Wembley is in doubt after Fulham owner Shahid Khan offered £600m to buy the stadium from the Football Association.
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