With U.K. Visa Delayed, Abramovich Puts London Arena on Hold

Russian tycoon Roman Abramovich has shelved plans to expand a stadium in London for his Chelsea soccer team, the biggest commercial casualty of tension between the U.K. and Russia.

While a statement by the team, which he has owned since 2003, attributed the decision to an unfavorable investment climate, the decision underscored the potential cost to Britain if capital inflows from Russia slow. Chelsea does not have a time frame for reconsidering its decision to delay the expansion of Stamford Bridge that would have increased capacity to 60,000 from 41,000, according to a statement on the club’s website.