Key facts
- Ken Bates, former owner of Chelsea and Leeds United, died at 94.
- He purchased Chelsea in 1982, saving it from bankruptcy.
- Bates sold Chelsea in 2003 for £140 million.
- He served as Chelsea's chairman for 22 years.
- Bates was instrumental in ensuring Stamford Bridge remained Chelsea's home ground.
Ken Bates, the former owner and chairman of Chelsea and Leeds United, has died at the age of 94. Chelsea Football Club announced his passing on Saturday, stating he died peacefully in Monaco surrounded by his wife and family.
Bates purchased Chelsea in 1982 for £1 when the club was facing financial ruin and significant debt. He is widely credited with saving the club from extinction and played a crucial role in securing its future at Stamford Bridge. During his 22-year tenure as chairman, Chelsea was promoted to the top flight, won multiple trophies including the FA Cup twice, the UEFA Cup Winners' Cup, and the League Cup. He eventually sold the club to Roman Abramovich in 2003 for £140 million.
Described as colourful, outspoken, and controversial, Bates's tenure divided opinion but his determination to fight for the club and drive it towards success is remembered. He also had prior experience in football management, having chaired Oldham Athletic and co-owned Wigan Athletic.