Chelsea FC have put their plans for a new stadium on hold, the club has said.
The plans for the Herzog & de Meuron designed stadium (pictured) were approved in January 2017, and would hae delivered a 60,000 seat stadium, some 50% bigger than the present one, involving decking over the District Line to the north-west and the Southern rail line to the east.
There would also have been a a £3.75m contribution to offsite affordable housing, as well as improved local leisure, recreation and sporting facilities.
A terse statement from the club said: “Chelsea Football Club announces today that it has put its new stadium project on hold. No further pre-construction design and planning work will occur. The club does not have a time frame set for reconsideration of its decision. The decision was made due to the current unfavourable investment climate.”