Chelsea Football Club has put its plans to build a new stadium on hold until "economic conditions improve".
The English Premier League received planning permission in 2017 to build a 60,000-seat venue at the site of its current Stamford Bridge stadium.
The new stadium - designed by architects Herzog & de Meuron - was expected to cost around £1bn and had already received the green light from the mayor of London, Sadiq Khan.
In a statement, Chelsea FC said it would not look to utilise the planning permission it had received.
"We acknowledge that the planning permission we obtained for a new stadium expires on 31 March 2020," the statement reads.
"We are grateful to all our fans and stakeholders, especially Hammersmith & Fulham Council, for their patience and understanding in the matter.
"We will continue to consider our options for a new stadium, should economic conditions improve."
You can read the original article from Sports Management HERE