CHELSEA have committed to a massive redevelopment of Stamford Bridge – easing fears the club will move to a new stadium.
American owner Todd Boehly, who bought the Premier League outfit for £4.25billion in May, has promised the stadium’s owner that he would expand the site rather than move the club to a new location.
The shareholder group that owns the London club’s stadium, Chelsea Pitch Owners, said: “The new owners have committed to redeveloping the stadium.
“As such, it is expected that the group’s workload will increase as this project takes shape.”
The club recently set up a committee to consider new locations and are considering a surprise move to a 60,000-seat stadium at Earl’s Court.
A move to Earl’s Court, where the exhibition center once stood, had previously been considered under Roman Abramovich.
But the plans were abandoned in 2010 when Hammersmith and Fulham Council crushed the idea.
Meanwhile, worried Chelsea fans have bought shares in record numbers since Boehly’s takeover, amid worries about the club’s future.
Supporters have spent £175,000 buying shares since the club went up for sale in March.
That compares to just £21,000 in 2021 before Abramovich was forced to sell due to his ties to Vladimir Putin.
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CPO revealed in reports published this week: “After 19 years of uninterrupted ownership, the football club was sold to new owners during the year.
“Fans’ concern for the club’s future led to unprecedented demand for shares and record sales that are unlikely to be repeated.
“A degree of uncertainty is to be expected as new owners come on board, although initial deals with them have been very positive.”
https://www.the-sun.com/sport/6859448/chelsea-todd-boehly-stamford-bridge/ Chelsea owner Todd Boehly commits to a massive redevelopment of Stamford Bridge, ending fears the club could abandon its historic home