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By ESPN Staff

Chelsea have no plans to move home

Chelsea have denied they are set to quit Stamford Bridge and buy the nearby Earls Court Exhibition Centre in a £400 million deal.

The reigning champions reiterated their desire to improve and extend their current home rather than build a new stadium after speculation linked them with the exhibition and conference centre.

The world famous centre is currently up for sale but until the club have exhausted all the possible options regarding an increase in the capacity of Stamford Bridge, Chelsea will not consider moving out.

A spokesman for the club said: 'We have made our position clear several times on the issue of ground redevelopment at Stamford Bridge.

'Despite that, there has been speculation linking us with a whole variety of sites in London including Wembley, the Olympic Stadium at Stratford, White City, Battersea Power Station, Earls Court, Chelsea barracks and the Chelsea and Westminster Hospital.

'Whether these sites are available, or not available, is irrelevant.

'Our position is that we would like to increase the capacity at Stamford Bridge, and ideally we would like to take it to a figure of just over 50,000 but there are constraints on our current site, which are well documented.

'Only after all possible scenarios for the redevelopment of Stamford Bridge are exhausted can a debate start about other options.'

The Earls Court and Olympia complex is owned by St James Capital and while they have 'received approaches' for the purchase of the site it is understood that it must remain a conference and exhibition centre.

St James' entrepreneurs put the 36-acre Earls Court and Olympia site up for sale in December for £400million.