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Chelsea hold talks with investment banks over loan for £500m new stadium project

New home: An artist's impression of Chelsea's new £500m home: Hussain Nazrul/Herzog and de Meuron/Hammersmith and Fulham Council
New home: An artist's impression of Chelsea's new £500m home: Hussain Nazrul/Herzog and de Meuron/Hammersmith and Fulham Council

Chelsea have been talking to investment banks about acquiring a loan to help finance the building of their new stadium.

Chelsea were granted planning permission back in January to build a new 60,000 all-seater ground at their current Stamford Bridge site. The initial cost of the project was forecast to be £500million but experts say that amount is a conservative figure.

While owner Roman Abramovich is a multi-billionaire, the club are not expecting him to meet all the costs.

As Standard Sport revealed in May, the club are in talks with companies willing to pay for naming rights in order to generate more revenue.

As part of any agreement, Chelsea are insisting that the traditional name Stamford Bridge will be kept.

It is now looking like building work will start in 2019 at the earliest.

Meanwhile, Michy Batshuayi is winning his battle for a first-team role at Chelsea.

The striker had looked certain to go out on loan, but has impressed with his attitude in training.