Chelsea want £500m Stamford Bridge development to be paid for with loans instead of Roman Abramovich’s cash
Blues are hoping to fund new arena through loans and commercial deals after being given the green light
CHELSEA are hoping to borrow £500million to fund Stamford Bridge’s redevelopment instead of using Roman Abramovich’s cash.
The Blues will build a new 60,000-seater stadium after being given the green light by Hammersmith and Fulham Council in January.
Club chiefs have not yet revealed how they will pay for the work and claims they will seek to loan the money.
Chelsea have reportedly held talks with several investment banks already while working on other ways to raise funds.
Naming rights, advance ticket sales and hospitality are other potential avenues, although the Blues want Stamford Bridge in the name.
The preferred formula is believed to be ‘The X Stadium at Stamford Bridge’.
But that would not appeal as much to investors as something like the Emirates or Etihad Stadium.
Abramovich has already poured over £1billion into Chelsea since taking over the club in 2003.
And while the Russian tycoon is believed to be prepared to front the cash, he has been gradually reducing his financial ties to the club.
After years of huge spending, the Blues now rake in plenty of money from transfers to reinvest in players.
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