Chelsea Reportedly Want £500M New Stadium Loan, Won't Rely on Roman Abramovich

Chelsea are reportedly looking to fund the rebuild of their new stadium by borrowing £500 million rather than relying on owner Roman Abramovich, even though he is prepared to pay for it.  

According to Matt Hughes in the Times, Chelsea have "held talks with several investment banks" in order to raise money through a loan or loans for £500 million, while naming rights, advance season ticket sales and corporate hospitality sales will also contribute to the funding.

Hughes added the initial estimated cost of £500 million for the Blues' new stadium looks "extremely conservative." 

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Hammersmith and Fulham Council granted Chelsea planning permission for the redevelopment of Stamford Bridge—which will see its capacity increased to 60,000—back in January, per Samuel Lovett of The Independent.

Matt Law of the Telegraph reported at the time Abramovich would likely personally fund the entire project.

The Russian businessman has spent over £1 billion on Chelsea since buying the club in 2003, and there are no regulations that would prevent him paying for the stadium, per Hughes. 

However, it now seems the Chelsea board are eager to find alternative options.