Chelsea Woes Deepen As They Suspend Stadium Project

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The Russian billionaire sanctioned the decision to put all further developments of Chelsea's home ground on hold, which was announced on Thursday.

As the reputable English paper The Times reports, now the Russian entrepreneur intends to sell Chelsea to cover his expenditures on the club in full.

The west London club had been expected to press on with the construction of its new 60,000 seat stadium after a series of hold ups, with a completion date set for the start of the 2023/24 season.

Chelsea are thought to be operating as normal, despite Abramovich's visa concerns.

The delay in renewing Mr Abramovich's investor visa came to light at a time of increased diplomatic tensions between London and Moscow, in the wake of the poisoning of former Russian spy Sergei Skripal in Salisbury.

Accounts for the holding company that owns Chelsea show that it owes 1.1 billion pounds in loans to Abramovich that could be repaid at 18 months' notice. The Sun also quotes the £1.17bn figure it would take to buy Chelsea from Abramovich.

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It comes as the club's Russian owner Roman Abramovich announced he would not be pursuing his application for a United Kingdom investor visa.

The Jerusalem Post has also claimed that Abramovich has now withdrawn his application for an investor visa, which places serious doubt over the new stadium ever being revisited under his ownership.

Another supporter recoiled in horror after reading rumours that Avram Grant could be a potential candidate to replace Conte. Despite this loophole, the situation has soured Abramovich's opinion of the United Kingdom and complicated his position at Chelsea.

A spokesman for Abramovich was not immediately available for comment.

The Blues "are ready to ask" Zidane if he "wants an immediate return to management" after his shock departure from the European champions.

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