Abramovich shelves £1bn Chelsea stadium scheme

Abramovich shelves £1bn Chelsea stadium scheme

Although the "unfavorable investment climate" could be a reference to Brexit, it is thought more likely that it is due to Theresa May's government's stance on Russian investors in the wake of the Skripal case.

"No further pre-construction design and planning work will occur", Chelsea said in the statement.

These are uncertain times in the future of our football club.

Abramovich became Chelsea owner in 2003 and with the help of his financial input, Chelsea were able to appoint Jose Mourinho and win their first two league titles in 50 years.

The football club had already received planning permission for the new west London stadium with Mayor Sadiq Khan calling it a "jewel in London's sporting crown".

- Vasco Cotovio contributed reporting.

Lendlease, Sir Robert McAlpine, Multiplex, and Mace, which is now building Tottenham Hotspur's £800m stadium in time for the new Premier League season, had all been identified as possible main contractors for the job had it gone ahead.

Chelsea have denied Roman Abramovich is going to quit the club following his decision to shelve their stadium redevelopment plans. The Sun also quotes the £1.17bn figure it would take to buy Chelsea from Abramovich.

The Kremlin this week downplayed the significance of reports that Abramovich was gaining Israeli citizenship, with President Vladimir Putin's spokesman Dmitry Peskov saying: "An entrepreneur receives Israeli citizenship".

A clause in Sarri's contract that would allow him to leave Napoli for £7m expires at midnight on Thursday, but Chelsea have so far been unmoved by that particular deadline.

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

The Blues "are ready to ask" Zidane if he "wants an immediate return to management" after his shock departure from the European champions.

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