Chelsea Football Club (CFC) has revealed that it has made an offer to buy back the land on which its Stamford Bridge stadium is currently located from Chelsea Pitch Owners (CPO).

CPO was established in 1993 in order to secure the future of the west London venue, which had come under threat and left the Premier League club at risk of being made homeless.

However, CFC now believes the "long-term commitment" of its owner Roman Abramovich means that any threat to Stamford Bridge no longer stands.

In its offer to CPO, the club will take on the freehold in return for "effectively" writing off a £10m loan made to CPO 14 years ago to assist in its purchase of the site.

It comes as CFC revealed that it is considering a move away from Stamford Bridge due to "major obstacles" to renovation and in order to generate higher levels of matchday income.

The CPO offer includes a commitment that CFC will not move before 2020 unless within 3 miles (4.8km) radius of its current home and meets a minimum capacity need of 55,000.

CFC chair Bruce Buck said: "We know only too well how close the club came to losing our home prior to the formation of CPO, but that threat has now gone under Mr Abramovich's ownership and with the CPO structure in place we cannot plan with certainty for the future."

Ron Gourlay, the club's chief executive, added: "We continue to look at options for expanding the Bridge and I should be clear that we have not identified a site for a new stadium elsewhere."

Details: www.chelseafc.com