Chelsea owner have Roman Abramovich has now opted to delay the construction of a new stadium for the club due to financial conditions.

In March. the Blues were permitted to set up a new stadium which would boast 60,000 seaters. But the plan was suspended due to an increased cost which is up to £1bn.

Abramovich was recently denied a visa to work in the UK which forced the Russian businessman to gain a citizenship of Israel.

The rise in price has forced the club to put the construction plans on hold for the time being.

“No further pre-construction design and planning work will occur,” a statement on the club’s website said.

“The club does not have a timeframe set for reconsideration of its decision.”

Abramovich took over from Ken Bates at Chelsea as the club owner in June 2003, and the club managed 17 trophies under his ownership.

The current home ground of Chelsea FC known as Stamford Bridge – located in Fulham, South-West London – has the capacity of 41,631 seaters.

See also:

DIE HARD FIGHTERS: The ONLY Four European Teams That Have Never Been Relegated

STAINLESS SOLDIERS – Players You Can’t Believe Are Still Playing

Five Dirtiest Players In The Premier League History

ANGRY BIRDS: 5 Players Who Got Many Haters Due To Their Acts On The Pitch