Published: Fri, June 01, 2018
Sports | By Angie Alvarado

Roman Abramovich shelves Chelsea FC stadium plan

Roman Abramovich shelves Chelsea FC stadium plan

On Thursday, Chelsea issued a statement saying the club had delayed work on the new stadium at Stamford Bridge because of "the current unfavourable investment climate".

Roman Abramovich could sell Chelsea after he was denied a United Kingdom visa and subsequently shelved the club's plans for a new stadium - but he will demand a hefty price.

The announcement came after media reports that Abramovich, who bought Chelsea in 2003, was experiencing delays in the processing of his request for a new British visa. Chelsea does not have a time frame for reconsidering its decision, according to a statement on the club's website.

News has broken today that Chelsea has chose to suspend their plans for a new stadium because of an "unfavourable investment climate".

Russian billionaire Roman Abramovich is reportedly planning to sell his Premier League club Chelsea and he has demanded a whopping sum of KSh 156.7 billion if he made a decision to sell Chelsea.

The team was granted permission in January 2017 to build a new stadium in London.

But Downing Street confirmed on Tuesday the oligarch, who is worth £9.3bn and ranked 13th on the Sunday Times Rich List, is not allowed to work as an Israeli without a 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".

Antonio Conte may have led Chelsea to FA Cup success, but the failure to qualify for next season's Champions League is expected to see the Italian leave Stamford Bridge.

The Daily Mail suggests that Chelsea could turn to Laurent Blanc, the former France and PSG boss.

Mancini accused Sarri of hurling homophobic insults at him during a touchline row when he was Inter Milan boss.

A spokesman for Abramovich was not immediately available for comment.

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