Featured image credit: Virginia Marinova on Unsplash
Stoll, which provides houses for veterans, has completed the sale of the majority of its Sir Oswald Stoll Mansions site to BlueCo, the ownership group of Premier League football club Chelsea.
The site is located next to Stamford Bridge, and Chelsea’s acquisition of the land will make it easier for the club to carry out a renovation of the stadium. The 1.2-acre site is located to the west of the stadium, near Fulham Broadway tube station.
Stoll announced in October that it had agreed to sell the majority of the site to Chelsea, and the organisation confirmed on X, formerly Twitter, that the deal would be completed today (Thursday).
Chelsea’s chief operating officer Jason Gannon said: “We are delighted to increase our footprint at Stamford Bridge and take a significant step towards ensuring the long-term financial sustainability of the club.
“We appreciate the opportunity to work with Stoll throughout a competitive tender process and we are pleased to help ensure those veterans that wish to remain inside the Borough of Hammersmith & Fulham will be able to do so. Our thanks go to both Stoll and the local council, whose leadership has been essential to the process.”
Stoll said it will be able to offer every resident new accommodation with the organisation, either in new properties or in its existing sites.
Despite the acquisition, Chelsea’s future stadium plans remain unconfirmed. So far, the club has not committed to redeveloping Stamford Bridge or building a new stadium from scratch.
With a capacity of around 40,000, Stamford Bridge is the smallest stadium of the Premier League’s ‘big six’ clubs. Owner Todd Boehly, who completed his acquisition of Chelsea in May 2022, has made the redevelopment of Stamford Bridge a key priority.
Reports emerged in March 2023 that Chelsea was considering building a new £2bn (€2.3bn/$2.5bn) stadium on the site of Stamford Bridge, with the club potentially facing up to four years at a temporary home while the work is carried out.
Previous reports have suggested that Chelsea could consider building a new 60,000-seat stadium in Earl Court, but the company overseeing the regeneration of Earl’s Court has “categorically denied” claims that it was in talks with the club.
The club would not be able to depart Stamford Bridge and keep the moniker ‘Chelsea FC’ without securing 75% backing from Chelsea Pitch Owners, which holds the freehold to the stadium under a 30-year agreement.
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