• Owner apparently reluctant to invest in big London project
Roman Abramovich has put a £1bn scheme to redevelop Chelsea’s Stamford Bridge stadium on hold in response to suffering delays in the renewal of his visa to enter the United Kingdom.
The club confirmed that plans to transform their home of 113 years into a 60,000-seat arena had been mothballed. A 49-word statement published on their website on Thursday pointed to the “current unfavourable investment climate” as a key factor in their reasoning, yet the Home Office’s delay in renewing Abramovich’s visa, which had expired, is understood to have prompted the owner’s decision to shelve the scheme.
Related: Abramovich cannot work in UK if he arrives on Israeli passport, No 10 says
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