Roman Abramovich remains fully committed to Chelsea despite stadium plans stalling

Kristopher Nichols
June 2, 2018

But after his United Kingdom visa expired the BBC reports that the Russian is "unwilling to invest in a major project in a country where he is not allowed [to] work".

Mr Abramovich and 700 other wealthy Russians were able to reside in the United Kingdom for up to 40 months using the tier 1 investor visa if they invested £2m in the country.

However, earlier today the club announced that "it has put its new stadium project on hold". Chelsea does not have a time frame for reconsidering its decision, according to a statement on the club's website.

The London soccer club blamed "the current unfavorable investment climate" for the decision in a short statement issued on Thursday.

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After plans to relocate failed to materialise, it appeared Chelsea were set to remain at Stamford Bridge, albeit with a vastly improved facility.

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Asked if the 51-year-old Abramovich is now Israel's richest man, Koren said: "Well probably, I don't have such a list".

The dad-of-seven became the owner of the companies that control Chelsea in June 2003. The Sun also quotes the £1.17bn figure it would take to buy Chelsea from Abramovich.

Following a delay over his application for the renewal of his visa, which resulted in him missing Chelsea's FA Cup success at Wembley, the Home Office warned that Abramovich may have to account for his vast wealth before being allowed back into the UK.

A source close to the Russian tycoon said his application to extend his investor visa had not been refused or denied, as reported in the press.

Another supporter recoiled in horror after reading rumours that Avram Grant could be a potential candidate to replace Conte.

After romping to the Premier League title in 2017, the Blues slumped to fifth place and therefore missed out on a spot in next season's Champions League.

Other reports by Free-Prsite

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