Chelsea shelve plans for new stadium

Due to this, it was noted that the billionaire, who recently lived in London and owns Chelsea FC, was denied prolongation of visa.

Abramovich was granted Israeli citizenship late last month, which means he no longer needs a visa to enter the United Kingdom - although he can only do so as a visitor and not in a working capacity.

Chelsea issued a statement on Thursday, May 31, saying work on their new stadium in west London would be suspended indefinitely because of the "unfavorable investment climate".

Mr Abramovich, 51, has put plans to build the club a new stadium on hold amid the delay to renew his visa, which expired some weeks ago. No further pre-construction design and planning work will occur.

'The club does not have a time frame set for reconsideration of its decision.

However, no decision is expected to be made over the new arrival until director Marina Granovskaia returns from a holiday next week.

Chelsea had been planning an extensive redevelopment of their Stamford Bridge stadium, including increasing the capacity to 60,000.

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Accounts for the holding company that owns Chelsea show that it owes 1.1 billion pounds in loans to Abramovich that could be repaid at 18 months' notice.

The news comes amid United Kingdom visa issues for billionaire Chelsea owner Abramovich, who has had his permission to enter the country delayed by the British authorities.

Meanwhile, one fan expressed his annoyance as Chelsea's reported reluctance to pay the required compensation to Napoli for manager Maurizio Sarri after paying £35million to sign midfielder Danny Drinkwater from Leicester last summer.

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

Blanc is the "prime candidate" for the Chelsea job, the Mail reports, and is available immediately.

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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