Chelsea halts United Kingdom stadium project due to 'investment climate'

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As for Abramovich, the Russian billionaire is now attempting to resolve VISA problems which saw him miss the club's FA Cup final win over Manchester United.

This comes following the news that Roman Abramovich had lost his visa and subsequently has no right to live and work in the UK.

In a statement the club said that the decision to delay the Stamford Bridge upgrade was because of the "current unfavourable investment climate".

"Chelsea has put its new stadium project on hold".

It added: "No further pre-construction design and planning work will occur".

The stadium decision has led to suggestions Abramovich is ready to sell Chelsea, but The Times say this is not the case, with the west London club insisting the 51-year-old remains committed.

At a time when Premier League clubs have more wealth than ever before, it hints at some deep problems behind the scenes at Chelsea.

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.

But Theresa May has since said it is prudent for the Government to look at whether this particular part of the UK's visa regime is being used "properly".

Before his visa issue, Abramovic was planning to rehabilitate the Stamford Bridge but with the current situation, he has put that plan on hold.

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.

Chelsea have been linked with Maurizio Sarri, Luis Enrique and Carlo Ancelotti in recent weeks. Despite this loophole, the situation has soured Abramovich's opinion of the United Kingdom and complicated his position at Chelsea.