In the early 1970s the club's owners embarked on an ambitious project to renovate Stamford Bridge. However, the cost of building the East Stand escalated out of control after shortages of materials and a builders' strike and the remainder of the ground remained untouched. The new East Stand was finished, but most of the (unusable) running tracks remained, and the new stand was also displaced by approximately 20 meters, compared to the pitch. The idea was to move the entire stadium towards the north. But due to the financial situation in the mid 1970s the other stands weren't rebuilt for another two decades. In the meantime, Chelsea struggled in the league, and attendances fell and debts increased. The club was relegated to the Second Division in 1975 and again in 1979, narrowly avoiding the drop into the Third Division in 1983 before finally returning to the First Division a year later.