Chelsea will not be building a new stadium on the site of the Earls Court Exhibition Centre after the landowners decided to opt for housing development.
A statement from the Hammersmith and Fulham Council read: "The redevelopment is based on a masterplan by world renowned architect Sir Terry Farrell to create four villages connected by a high street, with new transport links, shops, a school, a health hub, community centre, parkland and leisure facilities.
"The Earls Court landowners, H&F Council and Capco, are committed to the regeneration of the Earls Court Opportunity Area in line with the masterplan.
"It is the firm intention of the two landowners to proceed with this landmark regeneration, creating 9,500 permanent new jobs and around 36,000 temporary construction jobs.
"Neither of the two landowners believes that the inclusion of a football stadium in the scheme would offer the regeneration benefits of the existing masterplan."