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Chelsea unlock space for Stamford Bridge stadium expansion with £80m land purchase
Chelsea unlock space for Stamford Bridge stadium expansion with £80m land purchase
Chelsea have won a battle to buy a significant portion of land next door to Stamford Bridge in a deal worth around £80m. The move opens up the possibility of the club staying at their west London ground – Chelsea’s home since 1905 – and redeveloping the current 40,000-seater stadium, rather than finding a new site, as the owners seek to deliver a major upgrade which competes with leading Premier League venues. The club will buy 2.4 acres of the site, which sits between the stadium’s West Stand and Fulham Broadway Tube station, from Stoll, a charity which provides housing for veterans. Stoll’s board of trustees consulted with residents of the building, Sir Oswald Stoll Mansions, before making the decision to accept Chelsea’s bid from among a dozen on the table. Chelsea approached Stoll six years ago while under the ownership of Roman Abramovich as they drew up plans for a new stadium. Those plans fell through when Abramovic was forced to sell the club over his links to Russian president Vladimir Putin following Russia’s invasion of Ukraine last year, and Stoll put the land up for sale as it sought much-needed funding. New owner Todd Boehly and the Clearlake consortium resurrected Chelsea’s interest this year and the purchase has now been approved, paving the way for a potential expansion of Stamford Bridge which could see the stadium demolished and rebuilt with the pitch rotated 90 degrees to run west to east. The club had originally proposed to buy only a small part of the land (marked in red, below) but negotiated a larger share (blue). However, Chelsea have still not ruled out relocating to a new site. If they do stay at Stamford Bridge, the club would need to either groundshare with neighbours Fulham at Craven Cottage, or move into Wembley or Twickenham while the work was undertaken. Stoll will retain a portion of the land at the southern end where it will retain 20 flats, and a leaseback deal will ensure residents do not have to move out immediately. The charity says it will invest the funds in new housing for veterans. Read More Eden Hazard announces retirement from football Arsenal can profit from chaotic title race thanks to three wildcard teams Burnley vs Chelsea LIVE: Latest Premier League updates
2023-10-17 23:31
SEC Expands Crypto Dragnet to NFTs With Case Against Media Firm
SEC Expands Crypto Dragnet to NFTs With Case Against Media Firm
Wall Street’s main regulator expanded its crackdown on crypto products Monday by accusing a Los Angeles-based media and
2023-08-29 03:24
Top scorers on the final day of Premier League seasons
Top scorers on the final day of Premier League seasons
The most prolific players in the history of the Premier League on the final day of each season since 1992.
2023-05-27 20:45
Warzone Rebirth Island Zombies Mode Coming July 27
Warzone Rebirth Island Zombies Mode Coming July 27
Here's a breakdown of what the Rebirth of the Dead LTM is in Call of Duty: Warzone Season 4 Reloaded.
1970-01-01 08:00
Analysis-Harley-Davidson, Triumph in first gear of challenge to Royal Enfield's India reign
Analysis-Harley-Davidson, Triumph in first gear of challenge to Royal Enfield's India reign
By Indranil Sarkar and Aby Jose Koilparambil BENGALURU U.S. big-bike maker Harley-Davidson and British rival Triumph have revved
2023-07-23 12:34
EU tells Turkey to 'address democracy' before membership
EU tells Turkey to 'address democracy' before membership
The European Union's enlargement commissioner told Turkey on Wednesday to address issues around democracy and the rule of law if it wants to boost its...
2023-09-06 20:12
'Take Care of Maya' trial: Internet heartbroken as Maya Kowalski blames herself for her mom's suicide
'Take Care of Maya' trial: Internet heartbroken as Maya Kowalski blames herself for her mom's suicide
In a testimony, Maya Kowalski shared the emotional trauma she endured and grapples with amid the loss of her mother
2023-10-14 16:54
NASCAR opens investigation into Wallace's hacked radio channel at All-Star race
NASCAR opens investigation into Wallace's hacked radio channel at All-Star race
NASCAR has opened an investigation into how a derogatory message was broadcast on the radio channel of Bubba Wallace’s race team during last weekend’s All-Star race
2023-05-25 06:53
Google hit with lawsuit alleging it stole data from millions of users to train its AI tools
Google hit with lawsuit alleging it stole data from millions of users to train its AI tools
Google was hit with a wide-ranging lawsuit on Tuesday alleging the tech giant scraped data from millions of users without their consent and violated copyright laws in order to train and develop its artificial intelligence products.
2023-07-12 04:50
Mariners get clutch 2-out hits from Kelenic and Suárez in a 7-6 win over the Twins
Mariners get clutch 2-out hits from Kelenic and Suárez in a 7-6 win over the Twins
Jarred Kelenic’s two-run single capped Seattle’s big fifth inning against All-Star Sonny Gray, and Eugenio Suárez added a two-run homer in the seventh as the Mariners beat the Minnesota Twins 7-6
2023-07-18 12:54
Sweetgreen Launches Italian Chopped Salad With Fresh Flavors Inspired by Mediterranean Coast
Sweetgreen Launches Italian Chopped Salad With Fresh Flavors Inspired by Mediterranean Coast
LOS ANGELES--(BUSINESS WIRE)--Aug 14, 2023--
2023-08-14 21:00
Defense firm Leidos raises annual revenue outlook on weapons demand
Defense firm Leidos raises annual revenue outlook on weapons demand
Leidos Holdings Inc on Tuesday raised its full-year revenue forecast as the defense contractor benefited from resilient weapons
2023-08-01 19:05