Chelsea Put New Stadium Plans On Hold Due To “Current Unfavourable Investment Climate”

Premier League giants Chelsea have put plans to start a new stadium on hold as a result of the current unfavourable investment climate.

The club had earlier been given the go-ahead to begin work on their new 60,000-capacity stadium by Hammersmith and Fulham council in March.

The latest development was revealed via a statement on the club’s website which said that they had temporarily stalled the new stadium project because of the “current unfavourable investment climate”.

it continued: “No further pre-construction design and planning work will occur.

“The club does not have a time frame set for reconsideration of its decision.” the statement further read.

The stadium plans hold comes after Theresa May’s spokesperson revealed that the Blues’ billionaire owner Roman Abramovich can’t work in Britain and can only visit via a visitor visa.