Plans halted resulting from ‘unfavorable funding local weather’

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chelsea new stadium
The brand new stadium would have held 60,000 followers, practically 50% greater than the membership’s present house.

Chelsea Soccer Membership has put plans for a brand new UK stadium on maintain.

The London soccer membership blamed “the present unfavorable funding local weather” for the choice in a brief assertion issued on Thursday.

“No additional pre-construction design and planning work will happen,” Chelsea mentioned within the assertion. “The membership doesn’t have a time-frame set for reconsideration of its resolution.”

The membership is owned by Russian oligarch Roman Abramovich.

Abramovich, who bought the membership in 2003, has confronted delays renewing his UK visa and missed seeing Chelsea win the FA Cup in London earlier this month.

A supply near Abramovich informed CNN final week that the billionaire’s visa had expired about three weeks earlier, and that an software was made for a brand new one however the course of had taken longer than anticipated.

Roman Abramovich
Russian billionaire Roman Abramovich purchased the London soccer membership in 2003.

Related: Premier League revenues hit record high $6.4 billion

The brand new Chelsea stadium was designed by Herzog & de Meuron, the architects behind the 2008 Beijing Olympics “Chook’s Nest” stadium.

Plans for the brand new stadium, with a capability of 60,000 followers, had been first unveiled in 2015 and planning permission was granted in January 2017. The membership’s present house has a capability of simply 41,000.

The membership declined to elaborate on what it meant by “unfavorable funding local weather.” Companies throughout the UK have been hit by uncertainty surrounding the nation’s looming exit from the European Union.

On Thursday, a gaggle representing over 50 main European corporations urged the United Kingdom to end the confusion over its future commerce ties.

— Vasco Cotovio contributed reporting.

CNNMoney (London) First printed Might 31, 2018: 9:14 AM ET





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