Ron Gourlay denies suggestions Chelsea are looking to move away from Stamford Bridge

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Chelsea chief executive Ron Gourlay has moved to quash reports that the west London club will have to move from their Stamford Bridge home in order to break even.

Reports had suggested that in order to balance the books, the Blues would have to move to a bigger stadium in the Earls Court area, which would in turn allow them to compete with Manchester United and Arsenal.

Yet despite announcing a loss of £70.9 million this year and spending £75m on the combined transfer fees of David Luiz and Fernando Torres, Gourlay has insisted a move away from the Bridge is not a necessity to the clubs financial welfare.

Speaking to reporters, Gourlay said: “We are always looking at our options but I can tell you that there is no move imminent.

“Of course, it would help if we had another 15,000 or 20,000 seats but we don’t need to leave Stamford Bridge to break even.

“We are in pretty good shape financially, even with the January purchases of Torres and Luiz.

“The board remain confident we are heading in the right direction.”

The Blues were drawn against fierce Premier League rivals Manchester United in Friday’s Champions League quarter-final draw.