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Atletico Madrid stadium construction deadline moved back

Atletico Madrid's planned new La Peineta stadium has suffered another setback after construction partners reportedly froze work at the site.

The 240 million-euro project to develop a former athletics stadium into an ultra-modern 69,000-seat football ground was announced by Atletico in 2008.

The original proposals had the club playing at their new home by 2015, with a 30-storey tower being developed on the site of their current Estadio Vicente Calderon and a nearby brewery.

But the project has been hit by setbacks including planning and legal wrangles, the bursting of the Spanish property bubble and Madrid's unsuccessful bid to host the 2020 Olympics.

A statement from construction giant FCC, reported in AS, said the timescale for the project was being "readjusted" again.

"FCC and Atletico Madrid have agreed to adjust the rhythm of the construction of the Estadio de la Peineta during talks to replan the agreement between the club and the company," the statement said.

"As a consequence of these conversations, both parties predict the completion of the works at Estadio de la Peineta will take place before the end of the 2016-2017 season.

Mundo Deportivo reported that work at the site has now stopped while talks between FCC and Atletico take place, while El Pais said company sources claimed "legal difficulties" could produce further delays.

Atletico coach Diego Simeone and his squad visited the site last September, with chief executive Miguel Angel Gil saying then that there was no reason to doubt Atletico would begin the 2016-17 in their new home.

The club have yet to comment officially on the latest developments, but a report in AS said a short delay would not be seen as a big issue and claimed an agreement to sell naming rights to an international sponsor was likely to be confirmed by the end of this season.