Chelsea FC is considering a major change in their stadium plans.
Instead of renovating their historic Stamford Bridge, the club is exploring the possibility of building a new stadium at Earls Court.
This decision comes as part of ongoing discussions about how to address the club’s growing need for a larger venue.
Ongoing Renovation Plans and Recent Purchases
For years, Chelsea has been focused on redeveloping Stamford Bridge to boost its capacity.
This effort gained momentum after Todd Boehly and Clearlake Capital took over the club in 2022.
Recently, Chelsea made headlines by purchasing the homes of 100 military veterans for £80 million.
This move was seen as a significant step toward ensuring the club’s long-term financial stability, according to CEO Jason Gannon.
However, it hasn’t settled the debate on whether to stay at Stamford Bridge or move.
Earls Court: A Potential New Home
The club has been considering Earls Court, just a mile north of Stamford Bridge, as a potential new location.
Talks have involved Transport for London (TfL) and real estate developers Delancey.
The club’s interest in this site is serious, but it faces significant challenges.
Challenges with Earls Court Development Plan
The main obstacle could be the plans of the Earls Court Development Committee (ECDC), which is set to present their master plan for the site to local councils later this week.
If their plan doesn’t include a football stadium and gets approved, Chelsea may have to rethink their strategy.
Possible Alternatives and Financial Considerations
If the councils reject the ECDC’s proposal, Chelsea might move forward with their own plan for Earls Court.
This could include a multi-use stadium at Lillie Bridge depot and possibly additional affordable housing.
If the ECDC’s plan fails, Chelsea is prepared to invest around £500 million in Earls Court.
Renovation Issues at Stamford Bridge
Chelsea is also exploring alternatives due to the complexities of renovating Stamford Bridge.
Upgrading the stadium would require significant work, including dealing with its close proximity to a tube line and Fulham Broadway station.
This could mean a lengthy period of relocation to a temporary venue, with Twickenham, Wembley, and nearby Craven Cottage all being considered as short-term options.
Internal Tensions and Future Prospects
The club’s plans are further complicated by internal issues.
Relations between co-owners Todd Boehly and Clearlake’s Behdad Eghbali have reportedly become strained, especially after the recent sacking of head coach Mauricio Pochettino.
While there’s talk of one party potentially buying out the other, Clearlake Capital, holding a majority share of 61.5%, has no intention of selling.
Boehly holds the remaining 38.5% with two other investors.