Roman Abramovich in talks over £500m investment for Chelsea

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Roman Abramovich in talks over £500m investment for Chelsea

Chelsea have since announced a commercial partnership with Sony Music, and sources have told ESPN FC that the club are already exploring naming-rights agreements for their redeveloped stadium, though it is yet to be decided whether "Stamford Bridge" would remain in the title of the ground.

Chelsea owner Roman Abramovich has allegedly held talks with a Chinese firm over a £500m investment plan.

Abramovich apparently informed those in attendance that he was not looking to sell a stake in the club, but merely wanted them to provide a monstrous sum of cash to aid Chelsea in building their new ground.

The newspaper say talks with the potential Far East investors took place last week at Stamford Bridge.

The new stadium is estimated to cost £500m and will be built on the same site as their current home.

With such a development setting the club back to the tune of half a billion pounds, however, Abramovich has stated his intent to not fund the build completely out of his own pocket.

The investment would in effect be a loan, with the businessmen able to get their money back.

Mayor of London Sadiq Khan granted the application earlier in the year after Hammersmith and Fulham Council approved the plans.

The spectacular new arena will see Chelsea's capacity increase by around 50 per cent to 60,000, with hopes of construction being completed by the 2021-22 season.

When Tottenham Hotspur's new White Hart Lane opens at the start of next season, Stamford Bridge will be the smallest of the "big three" club stadiums in London with a capacity of just under 42,000.

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