
Audio By Carbonatix
Chelsea's Russian billionaire owner Roman Abramovich has put the club's stadium plans on hold after delays to the renewal of his UK visa.
The estimated cost for a new 60,000 seat Stamford Bridge has increased to £1bn after delays, which included a dispute with a local family.
Abramovich is unwilling to invest in a major project in a country where he is not allowed work.
The 51-year-old's UK investor visa expired some weeks ago.
But it is understood that Abramovich's decision will have no impact on the running of the football team.
The delay in issuing him a new visa comes amid increased diplomatic tensions between London and Moscow after the poisoning of former Russian spy Sergei Skripal in Salisbury.
The UK government has refused to comment on his individual case.
Chelsea issued a statement saying the club had delayed work on Stamford Bridge because of "the current unfavourable investment climate".
It added: "No further pre-construction design and planning work will occur. The club does not have a time frame set for reconsideration of its decision."
Plans were under consideration to move Chelsea matches to Wembley stadium for the four years it would take to redevelop Stamford Bridge.
Although the future of Wembley is in doubt after Fulham owner Shahid Khan offered £600m to buy the stadium from the Football Association, it is not thought to be a factor in Chelsea's decision.
Christian Purslow, who left his role as managing director last year after three seasons at the club, said: ""It's been a very difficult project. Costs have skyrocketed.
"I have thought for some time it's a project that would not get off the ground. It was always an extremely marginal project financially and a very difficult project practically. I think it's a really sensible decision to put this on hold."
Latest Stories
-
TIIP to drive value addition, investment and job creation – TDC Ghana MD
10 minutes -
GAMI Headmaster advocates regular educational excursions to strengthen practical learning
13 minutes -
Black Stars coach Carlos Queiroz sympathises with victims of Accra floods
13 minutes -
CIMAG hails passage of Maritime and other Offences Act as boost for Ghana’s blue economy and maritime security
18 minutes -
GES suspends salary of interdicted Bole SHS teacher over alleged sexual misconduct
18 minutes -
Former Ghana U20 AFCON winner Ivan Anokye Mensah joins Spartak Trnava
19 minutes -
Selorm Dogbe seeks support as he eyes historic IFBB Championship in Spain
24 minutes -
Photos: Ghana observes National Day of Prayer and Thanksgiving with interfaith services
25 minutes -
Over 3,000 flood victims in Ayawaso central receive relief items from NADMO, Qatar Charity
30 minutes -
ShEquity Climate-smart SME Showcase and Pitch finale highlight Ghana’s green enterprise potential
51 minutes -
Greater Accra Regional Minister assures affected residents of continued government support after floods
52 minutes -
Give thanks to God despite floods, deaths and destruction – Mahama
56 minutes -
Dyson Energy wins €25,000 ShEquity grant to advance carbon certification
1 hour -
Continuity: The most powerful force nobody talks about
1 hour -
Three arrested over alleged human trafficking and forced prostitution
1 hour