Chelsea's stadium project put on hold
Chelsea have announced today that their stadium project has been put to a halt.
This comes days after the delays of Roman Abramovich's renewal of his UK Visa.
The official Chelsea website has stated 'the club does not have a time frame set for reconsideration of its decision' and 'the decision was made due to the current unfavourable investment climate.'
The estimated cost for the 60,000 seater stadium has increased to £1 billion after long delays, including meetings with the local council and also a disagreement with a local family.
Roman Abramovich's UK Investor Visa expired recently, and the Russian is not willing to invest in such a major project from another country.
Plans were under consideration to move Chelsea matches to Wembley Stadium for the four years it would take to redevelop the Bridge, however this doesn't seem likely to happen.
Abramovich has recently moved to Israel, and can now only visit the UK for up to six months a year, and will need to apply for a work permit if he wishes to do business in Britain.
This summer hasn't started too well.