Abramovich won't profit from Chelsea move

Chelsea owner Roman Abramovich will not profit should the club decide to move away from Stamford Bridge. There had been some suggestions that Abramovich could profit should the club decide to move elsewhere.

But chairman Bruce Buck has been quick to defender the owner: "A new stadium of 55,000 to 60,000 seats would cost in the region of £450m.

"There is no possibility for Mr Abramovich to make any money.

"The profit on the redevelopment of Stamford Bridge would be maybe a third of that amount, and money from other sources such as Mr Abramovich and banks would be needed to move to another location.

"I don't know how much money Mr Abramovich has. He has invested £800m into this club, and no matter how much he has he must notice he has invested £800m.

"A figure of £500m for a new stadium is a lot of money no matter who you are, and the decision has been made that we're not going to move to another stadium unless we can take the proceeds of a redevelopment of Stamford Bridge towards it."

Chelsea cannot currently redevelop their stadium as a reported 12,000 fans own 15,000 shares in the club; these are needed before a decision can be made to redevelop the Bridge.