Chelsea will look to redevelop Stamford Bridge ‘within the next year’

Chelsea will aim to start their plan to redevelop Stamford Bridge ‘within the next year’, according to co-owner Jonathan Goldstein.

The entrepreneur is one of several investors part of the consortium, led by US tycoon Todd Boehly, which took over from previous owner Roman Abramovich after the Russian was sanctioned following his country’s invasion of neighbouring Ukraine.

And Goldstein has admitted the Premier League side are looking to obtain planning permission for the revamp of their stadium in the next 12 months – despite calling the UK ‘uninvestable’ under the leadership of Conservative Prime Minister Liz Truss.

Blues co-owner Jonathan Goldstein’s comments come despite him calling the UK currently ‘uninvestable’ under the leadership of newly appointed Conservative Prime Minister Liz Truss.

He said: ‘We are looking very heavily at redevelopment… the planning process is something which we will start during the course of the next year and we’ll hope central government will get behind it and see it as an engine for growth.

‘The only problem, of course, is the management of interest rates because it makes it so much more expensive to develop.’ When asked if the club would delay the process, he responded: ‘No, no, we’ll carry on as fast and as hard as we can.

‘It is a big project and there are very many constituents involved and we are at the beginning. But we will carry on because we believe in the business, in Chelsea FC and the area and we know, over time, Stamford Bridge needs redevelopment.’

He added: ‘We’ve had three sovereign wealth funds say to us at the moment, the United Kingdom is on hold. They’d rather watch, and watch and wait. Britain looks uninvestable at this point.’

The new Blues owners moved quickly, initiating a huge turnover in staff, including the sacking of German manager Thomas Tuchel and replacing him with Brighton boss Graham Potter.

Potter has won five and drawn one of his first six games in charge, including a 2-0 win against Aston Villa on Sunday. His side face London rivals Brentford on Wednesday evening.