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Chelsea to offer fans cheap shares in their planned new stadium in order to smooth the way for redeveloping Stamford Bridge

Chelsea are offering a new deal to supporters in a bid to smooth over another potential obstacle in the way of their £1billion redevelopment of Stamford Bridge.

Shareholders in the Chelsea Pitch Owners (CPO), who own the freehold of the ground, on Friday agreed a vote to drop the price of new shares in their company to £25 from £100.

That move opens the door to Chelsea to make an offering they hope will make the club appear more ‘friend’ than ‘foe’ to a group that staged a revolt against Roman Abramovich’s bid to buy the land on which the stadium stands in 2011.