REPORT: CHELSEA LOOKING TO BORROW £500 MILLION… THIS IS WHY

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Chelsea will reportedly look to borrow £500 million to fund the cost of building the new 60,000-seater stadium according to a report on Daily Mirror via The Times.

It was previously reported that Chelsea owner Roman Abramovich would fund the cost of building the new stadium but Daily Mirror claim there has been a change in strategy.

Photo credit: Hussain Nazrul/Herzog and de Meuron/Hammersmith and Fulham Council/PA Wire

According to Daily Mirror, Abramovich has taken the surprise move to hold talks with banks over a loan, or loans, for £500 million.

The report also claims it is unclear why Abramovich does not fund the project himself as Financial Fair Play rules would not include infrastructure and capital investment.

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OTONY
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