Chelsea owner Todd Boehly ‘commits to massive redevelopment of Stamford Bridge’ as the Blues abandon plans to move away from their historic home to a new 60,000 seat Earl’s Court
- Chelsea owner Todd Boehly is committed to the redevelopment of Stamford Bridge
- There was talk of a move to a potential 60,000 seat stadium at Earl’s Court
- Boehly has promised the owner of the stadium that he will expand the bridge
- Co-owner Jonathan Goldstein also previously confirmed the redevelopment
Chelsea owner Todd Boehly has confirmed his commitment to a large-scale redevelopment of Stamford Bridge, despite fears it may move the club elsewhere.
There were talks of new venues being considered, including a new 60,000 seat stadium at Earl’s Court which would be a massive upgrade from their current capacity of 42,000.
Stamford Bridge is considerably smaller than the rest of the Premier League’s ‘Big Six’, and previous owner Roman Abrahimovich was even considering a possible move elsewhere.
Chelsea owner Todd Boehly confirmed his commitment to a redevelopment of Stamford Bridge
Stamford Bridge currently has a capacity of 42,000, well smaller than the other big six clubs
However, the American businessman has promised the owner of the stadium to expand Stamford Bridge instead of leaving, according to The Sun.
The shareholder group that owns the London club’s stadium, Chelsea Pitch Owners, said: ‘The new owners have committed to the redevelopment of the stadium.
“So the group’s workload is expected to increase as this project begins to take shape.”
The American has promised the stadium owner to expand Stamford Bridge
Sportsmail reported earlier last month that the Earl’s Court site was under discussion again, after it first grew up in 2013 under the Abramovich regime.
That conversation has now been crushed with Boehly committing to keep the club in their historic home – and therefore foregoing any plans to move away from the Bridge.
Chelsea would need permission from Chelsea Pitch Owners (CPO) to leave Stamford Bridge.
Chelsea would need permission from Chelsea Pitch Owners (CPO) to leave Stamford Bridge
The shareholder group owns the property under a 180-year lease. Without their permission, the club would have to give up the name Chelsea FC.
It was also previously revealed by co-owner Jonathan Goldstein that they planned to redevelop Stamford Bridge within a year.
The entrepreneur is one of several investors in the consortium, led by American tycoon Todd Boehly, who took over from previous owner Abrahimovich after the Russian was sanctioned following his country’s invasion of neighboring Ukraine.
And Goldstein has admitted the Premier League side is seeking planning permission to revamp their stadium in the next 12 months – despite the UK being called ‘non-investable’ under Conservative Prime Minister Liz Truss .
The comments from Blues co-owner Jonathan Goldstein come despite calling the UK currently ‘uninvestable’ under newly appointed Conservative Prime Minister Liz Truss
He said: ‘We are looking very heavily at redevelopment… the planning process is something that we will start over the next year and we hope that the central government will get behind it and see it as an engine for growth.
“The only problem, of course, is managing interest rates because it’s getting so much more expensive to develop.” When asked if the club wanted to postpone the process, he replied: ‘No, no, we are going as fast and as hard as we can.
‘It’s a big project and there are a lot of clients involved and we’re at the beginning. But we will continue because we believe in the company, in Chelsea FC and the surrounding area and we know that Stamford Bridge needs to be redeveloped over time.”
He added: “We currently have three sovereign wealth funds telling us that the UK is on hold. They prefer to watch, and watch and wait. Britain doesn’t seem to be investing at the moment.’