Ken Bates: Former Chelsea and Leeds owner dies aged 94, Chelsea announce

Ex Chelsea And Leeds United Owner Ken Bates has died aged 94.

Chelsea Bates announced his death on Saturday, saying: “He passed away peacefully in Monaco this morning surrounded by his wife and family.”

Bates bought Chelsea When they were in the old Second Division in 1982, they took on £1.5m debt, and spent £1m to turn their fortunes around.

He eventually sold the club to Roman Abramovich in 2003 for £140m while still in the English top flight.

When Bates sold his stake, the Stamford Bridge club was heavily in debt. In the year He served as chairman before resigning in 2004.

Chelsea “It is with great sadness that we share the news of the loss of Ken Bates, former owner and chairman of the company,” he said in a statement. Chelsea Football club.

“The club sends our condolences to Kane’s wife Susanna, the rest of his family and friends.

“Ken’s determination to fight Chelsea He will never be forgotten when it was a difficult time and he led the team to a trophy.

More to follow.