Chelsea Football Club said today that it has abandoned plans for a new Herzog and De Meuron designed stadium to replace Stamford Bridge.
The club said it has put its new stadium project on hold and that no further pre-construction design and planning work will occur.
The club said it does not have a time frame set for reconsideration of its decision, which was taken due to the “current unfavourable investment climate.”
Hammersmith & Fulham Council approved Chelsea’s planning application to build the new 60,000-seat stadium in Fulham in January.
The new stadium was set to be built within the grounds of Stamford Bridge on Fulham Road, and required the demolition of the existing 41,600 seat stadium.
The plans also included a new club shop, kiosks, museum and a restaurant/café.
The brick-clad stadium – which won plaudits from members of the planning committee for its look – has been designed by architects Herzog & de Meuron, the same firm which created the iconic ‘Bird Nest’ stadium for the 2008 Beijing Olympics.
Chelsea owner Roman Abramovich was recently denied a UK visa and has taken Israeli citizenship.