The long-term financial health of Chelsea would be boosted by a move away from Stamford Bridge to a stadium with a greater capacity which would generate more gate money and corporate box revenue, enabling the club to compete with the likes of Arsenal without the help of a benefactor.
The club has long been interested in the Earls Court site where much space is wasted by the existing exhibition buildings. Plans for re-developing the site are to be unveiled next week. It will be one of the largest developments in London for the last 20 years.
The long-term financial health of Chelsea would be boosted by a move away from Stamford Bridge to a stadium with a greater capacity which would generate more gate money and corporate box revenue, enabling the club to compete with the likes of Arsenal without the help of a benefactor.
The club has long been interested in the Earls Court site where much space is wasted by the existing exhibition buildings. Plans for re-developing the site are to be unveiled next week. It will be one of the largest developments in London for the last 20 years.
The chief investment officer of Capital & Counties, the UK property company that owns the site, said that no talks were being held with Chelsea ‘at present’. This does not rule them out in the future as a stadium would provide a focal centrepiece for the ‘London Plus’ scheme. Work cannot start until autumn 2012 at the earliest as the Olympic volleyball tournament is to be held at Earls Court.