Chelsea FC Makes Case against Stamford Bridge Redevelopment. In a presentation to the Chelsea Pitch Owners (CPO) Chelsea FC has made the case that building a new 60,000-stadium at the Stamford Bridge site is not a financially feasible option. Nor is a redevelopment of the stadium to a capacity of 55,000 seats.
Chelsea's plan to expand Stamford Bridge to 60,000 appear to be over, for the time being at least, as their granted planning permission is due to expire this month.
The CPO have stipulated that the club will be unable to call themselves Chelsea FC if they leave Stamford Bridge. The club have offered to buy back the name and the site freehold with a guarantee that they will not move more than three miles from the current site before 2020.
With a capacity of 40,834, it is the ninth largest venue of the 2021–22 Premier League season. Opened in 1877, the stadium was used by the London Athletic Club until 1905, when new owner Gus Mears founded Chelsea Football Club to occupy the ground; Chelsea have played their home games there ever since.
The Todd Boehly and Sir Martin Broughton consortiums have confirmed they will look to redevelop the ground stand by stand, meaning Chelsea wouldn't have to find a temporary home.
Roman Abramovich is believed to have paid around £140 million ($233 million at the time) for the club in 2003. He bought the club in June that year from Ken Bates, who had himself bought the club in 1982.
Two consortiums are reportedly seen as the most likely candidates to take over the west London club. The first is led by Todd Boehly, the billionaire part-owner of the LA Dodgers, while the second is headed by British businessmen Sir Martin Broughton.
Chelsea Pitch Owners plc is a nonprofit organisation which is part of Chelsea Football Club, tasked with the upkeep of the stadium. It owns both the freehold of the Stamford Bridge stadium and the naming rights of Chelsea Football Club.
Manchester City are the richest football club in the world, according to the Deloitte Football Money League 2022.
With Chelsea Football Club virtually bankrupt and stuck in Division Two in the early 1980s, it was bought by businessman Ken Bates, ending the long Mears dynasty. However as part of the ownership change, the stadium became owned by a separate company and former club directors sold shares in that to property developers.
How many season ticket holders do Chelsea have? Chelsea have around 28,000 season ticket holders at Stamford Bridge. The stadium's capacity is just under 42,000, meaning the ground will still be half full even when only season ticket holder can attend.
It was April 2, 1982, and notorious businessman and football executive Ken Bates had just bought the Blues for £1.
English football clubs usually sell for three to four times annual revenues, and Chelsea are valued by financial assessors at around £1.6bn. Abramovich is said to want £3bn, although he was never going to set a low asking price.
Manchester United are expected to extend Old Trafford by approximately 15,000 seats to boost the capacity of their famous stadium to around 88,000. That would make Old Trafford the UK's second biggest stadium, behind the 90,000-seater Wembley.
The Stamford Bridge freehold, the pitch, the turnstiles and Chelsea's naming rights are now owned by Chelsea Pitch Owners, a non-profit organisation in which fans are the shareholders.
Welcome to the website of Chelsea Pitch Owners PLC (CPO), the company that holds the freehold of Stamford Bridge stadium and the name Chelsea FC.
Chelsea owner Roman Abramovich sanctioned by UK Government.
Boehly became Chelsea's new owner following the completion of his £3.5billion takeover, replacing Roman Abramovich. Chelsea, on Saturday morning, officially confirmed Todd Boehly as the club's new owner.
The process of whittling that list of interested parties down to a select group of preferred bidders is now well under way, with GOAL telling you all you need to know about the four bidders.
Saudi Media Group are set to be the highest bidder for Chelsea Football Club ahead of Friday's deadline, according to reports. Wednesday saw progression from several interested parties as the March 18 deadline to submit bids approaches.
Chelsea Football Club on Saturday confirmed its new owner is a consortium led by Todd Boehly, an American billionaire investor and part-owner of the Los Angeles Dodgers.