Chelsea for sale? Roman Abramovich puts £1bn stadium plan on hold

New Stamford Bridge

The visa issue is widely believed to be the main reason for Chelsea owner Abramovich putting the club's planned redevelopment of Stamford Bridge on hold.

He has been forced to seek Israeli citizenship to regain entry to the United Kingdom as part of the country's response to the Salisbury nerve attack in March.

The announcement comes at a hard time for the Blues, with Russian owner Roman Abramovich still waiting on the extension of his British visa.

The team was granted permission in January 2017 to build a new stadium in London. By Neil Gerrard0 CommentsChelsea Football Club has put its plans for a new £1bn stadium on hold.

Arsene Wenger's success in English football more or less stopped when Roman Abramovich took over Chelsea, and now his belated exit is laced with a deep irony.

If Abramovich now decides to sell Chelsea, The Times reports that the club's value will be somewhere between the £1.17bn that Abramovich has put into the club and Forbes' valuation of £1.4bn.

News has broken today that Chelsea has made a decision to suspend their plans for a new stadium because of an "unfavourable investment climate".

The Israeli diplomat stressed that Abramovich will receive a warm welcome, adding that he hopes the Russian will "invest at least part of his riches in our economy".

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Abramovich is "playing a game of poker over Chelsea's managerial situation" according to the Telegraph, and the "incredible situation" leaves fans fearing that the Blues are "stuck in limbo and falling behind their rivals both off and on the pitch". Despite this loophole, the situation has soured Abramovich's opinion of the United Kingdom and complicated his position at Chelsea.

The Daily Mail suggests that Chelsea could turn to Laurent Blanc, the former France and PSG boss.

Mr Abramovich has declined to comment on the claims.