Chelsea’s proposed £2bn renovation of Stamford Bridge is becoming realistic, as results presentation of a nine-week consultation with residents to buy £50m site commence on Wednesday.

Chelsea have considered the reconstruction of the Stamford Bridge in various forms over the past ten years, first under Roman Abramovich, and under new owners Todd Boehly and Clearlake Capital, with funds for the rebuild put aside as part of their £4.25bn acquisition of the club in May 2022.

According to Mail Sport in July, Chelsea had agreed a deal in principle for the site of homes of military veterans next to the sale that would see the Premier League outfit buy most of the two-acre Sir Oswald Stoll Mansions site which backs onto their stadium.

Should the club acquire the land which is owned by veterans’ charity Stoll, the sale could allow for a full-scale rebuild of the stadium on the existing point to increase the stadium’s capacity from 42,000 to at least 55,000.

But the West London side will be earnestly waiting for the results of a nine-week consultation put to Stoll’s residents this Wednesday, which in turn will inform the decision of the charity’s board of trustees in early October.

According to the Evening Standard, Chelsea beat 13 other bidders to secure the site after it was publicly listed for sale with estate agents Knight Frank.

The deal would enable Stoll keep 20 flats on the site – which has an estimation of £50m- and spend the funds on new homes for veterans with better facilities.

The charity chose the land sale instead of a full refurbishment of their properties, which would have cost the organisation £10million.