By Sean Fisher

4th Aug, 2023 | 7:00pm

Sources: Stamford Bridge development to begin at Chelsea after £395m twist

Chelsea plan to begin their redevelopment of Stamford Bridge once new investors are found, Football Insider understands.

As first reported by Bloomberg, the Blues have approached investors about potentially buying a stake in the club.

Todd Boehly is hopeful of raising up to £395million through new investment after a poor first full season as owner.

Despite spending £600million across two transfer windows, the London giants only managed a 12th-placed finish in their 2022/23 Premier League campaign.

Investment in the playing squad has continued this summer, with Christopher Nkunku, Nicolas Jackson, Lesley Ugochukwu and Angelo joining new manager Mauricio Pochettino, while talks for Moises Caicedo and Robert Sanchez continue with Brighton.

Boehly’s consortium paid a total price of £4.25billion in their takeover of Chelsea last May, although £1.75bn of that fee was committed to investing in the squad and stadium.

With huge spending committed to signing players over the last 12 months, sources have told Football Insider that fresh investment signifies that Chelsea’s ownership group are now turning their attention to redeveloping Stamford Bridge.

The Telegraph reported in March that the Blues were considering multiple options for renovating or redeveloping Stamford Bridge, including a potential £1.5bn project.

A concrete stadium plan is still yet to be confirmed, but investment is already being proactively searched for by Chelsea’s hierarchy.

It is an option for Chelsea to use the new investment to aid with cash flow and operational costs while Stamford Bridge is redeveloped.

Boehly has placed importance on improving Chelsea’s matchday revenue, which trailed considerably behind their top six rivals at £69.2million in 2021/22.

In other news, seven-year Chelsea deal agreed as medical passed