Finance guru: Chelsea looking for 'extra £45m' to match Man United and Tottenham
A move to an entirely new stadium would make it far more realistic for Chelsea to bridge the £45million gap between themselves and the likes of Man United and Tottenham in terms of annual matchday income.
That is the view of finance expert Doctor Dan Plumley, speaking exclusively to Football Insider about the Blues’ long-term stadium plans.
Per the Daily Mail earlier this month (13 November), Chelsea are exploring the possibility of a move to a 40-acre site at Earls Court.
Although Chelsea have previously flirted with the idea of a move to a new home entirely, the most recent noises coming from the club have been about the expansion of Stamford Bridge.
But as revealed by Football Insider on 3 November, at least two other parties are interested in a plot of land which is crucial to the club’s plans to increase capacity.
That is likely to lead to a bidding war, with the site valued at a minimum of £50million.
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Plumley suggests that constructing a new stadium may therefore be more logical.
“Building a new stadium is significantly more investment upfront but with the potential further monetary gain in the future,” the Sheffield Hallam University expert told Football Insider’s Adam Williams.
“There have been some logistical issues with Stamford Bridge and the land around it. It’s not the easiest place to extend the stadium.
“Chelsea are in the Big Six but they know they need to push on in terms of matchday income.
“Man United and Arsenal have always led the way. Spurs is the new benchmark. Those clubs generate £95m to £110m each annually from matchday. Chelsea are hovering between £65m and £70m.
“That’s the gap they are looking to clause. They need to find that extra £45m or so. If the Earl’s Court idea brings them level in the future, they will be looking to play the long game.“