Chelsea halts UK stadium project due to 'investment climate'

Chelsea Football Club has put plans for a new UK stadium on hold.The London soccer club blamed "the current un...

Posted: May 31, 2018 1:43 PM
Updated: May 31, 2018 1:43 PM

Chelsea Football Club has put plans for a new UK stadium on hold.

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

"No further pre-construction design and planning work will occur," Chelsea said in the statement. "The club does not have a time frame set for reconsideration of its decision."

The club is owned by Russian oligarch Roman Abramovich.

Abramovich, who purchased the club in 2003, has faced delays renewing his UK visa and missed seeing Chelsea win the FA Cup in London earlier this month.

A source close to Abramovich told CNN last week that the billionaire's visa had expired about three weeks earlier, and that an application was made for a new one but the process had taken longer than expected.

Related: Premier League revenues hit record high $6.4 billion

The new Chelsea stadium was designed by Herzog & de Meuron, the architects behind the 2008 Beijing Olympics "Bird's Nest" stadium.

Plans for the new stadium, with a capacity of 60,000 fans, were first unveiled in 2015 and planning permission was granted in January 2017. The club's current home has a capacity of just 41,000.

The club declined to elaborate on what it meant by "unfavorable investment climate." Businesses across the United Kingdom have been hit by uncertainty surrounding the country's looming exit from the European Union.

On Thursday, a group representing over 50 major European companies urged the United Kingdom to end the confusion over its future trade ties.

-- Vasco Cotovio contributed reporting.

Mississippi Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 16322

Reported Deaths: 782
CountyConfirmedDeaths
Hinds106626
Lauderdale76068
Madison75727
Neshoba72244
Jones68632
Scott66212
Forrest59239
DeSoto5598
Leake45412
Rankin4538
Holmes44130
Copiah3254
Jackson30914
Attala30718
Yazoo2914
Newton2834
Lincoln27829
Leflore27336
Oktibbeha26714
Monroe26725
Harrison2657
Lamar2485
Lowndes2419
Wayne2353
Pearl River21231
Pike20511
Adams20216
Washington1947
Noxubee1936
Warren19110
Lee1857
Covington1772
Jasper1664
Bolivar16611
Clarke15519
Smith15311
Lafayette1504
Kemper14911
Chickasaw14014
Coahoma1284
Winston1221
Clay1184
Carroll11611
Marion1169
Claiborne1145
Lawrence1081
Simpson1040
Grenada1003
Yalobusha976
Sunflower933
Itawamba907
Hancock9012
Tate881
Union867
Montgomery861
Panola853
Marshall853
Wilkinson859
Jefferson Davis813
Tippah7611
Webster673
Calhoun674
Amite651
Walthall630
Humphreys607
Tunica563
Prentiss533
Perry513
Choctaw482
Pontotoc453
Jefferson421
Tishomingo350
Greene331
Stone320
Quitman310
Tallahatchie301
Franklin292
George281
Alcorn191
Benton140
Sharkey70
Unassigned00

Alabama Coronavirus Cases

Confirmed Cases: 18554

Reported Deaths: 651
CountyConfirmedDeaths
Mobile2284118
Jefferson1884103
Montgomery182343
Tuscaloosa82216
Marshall7059
Franklin5788
Lee55834
Shelby52220
Tallapoosa43266
Butler41918
Walker3812
Elmore3729
Chambers35926
Madison3464
Morgan2981
Unassigned2972
Baldwin2929
Dallas2873
Etowah26212
Lowndes25912
DeKalb2573
Autauga2395
Coffee2391
Sumter2287
Houston2265
Bullock2156
Pike2080
Colbert1872
Hale1799
Russell1770
Barbour1771
Marengo1746
Lauderdale1692
Calhoun1653
Wilcox1547
Choctaw15310
Cullman1501
Clarke1492
St. Clair1311
Randolph1287
Marion12411
Dale1230
Pickens1215
Talladega1175
Limestone1080
Chilton1051
Greene954
Winston910
Macon874
Jackson833
Henry812
Covington811
Crenshaw783
Bibb761
Escambia753
Washington726
Blount631
Lawrence510
Monroe452
Geneva440
Perry420
Conecuh411
Coosa401
Cherokee383
Clay282
Lamar260
Fayette160
Cleburne151
Tupelo
Clear
71° wxIcon
Hi: 89° Lo: 70°
Feels Like: 71°
Columbus
Clear
71° wxIcon
Hi: 84° Lo: 69°
Feels Like: 71°
Oxford
Clear
68° wxIcon
Hi: 87° Lo: 67°
Feels Like: 68°
Starkville
Clear
68° wxIcon
Hi: 74° Lo: 65°
Feels Like: 68°
WTVA Radar
WTVA Temperatures
WTVA Severe Weather