Chelsea Chairman Sees No Financial Gain by Moving Away from Stamford Bridge
October 17, 2011
Bruce Buck Chelsea FC Chairman, drugs has said there will not be much financial gain for Chelsea owner Roman Abramovich by moving the club to a new stadium from Stamford Bridge
Chelsea has kicked off the process of attempting to buy back the freehold to Stamford Bridge, allergy which was sold to a supporters’ group in the mid-1990s to stave off the threat of property developers acquiring the land. However, cialis Buck insisted that Abramovich did not have personal financial motivations for considering a move to a larger stadium.
Buck told Chelsea TV: “To build a new stadium of 55,000 to 60,000 seats would cost in the region of £450 million which with the land, would total maybe £500 million to £550 million. The profit on the redevelopment of Stamford Bridge would be maybe a third of that amount, and money from other sources such as Mr Abramovich and banks would be needed to move to another location.”
He added: “The profits would be an important component of the funds should we would need them so it would not be possible to do it without taking that redevelopment money. There is no possibility for Mr Abramovich to make any money.
“A figure of £500 million for a new stadium is a lot of money no matter who you are, and the decision has been made that we’re not going to move to another stadium unless we can take the proceeds of a redevelopment of Stamford Bridge towards it.”