Ken Bates, the former Chelsea owner and chairman who famously bought the club for just one pound in 1982, has died at the age of 94. Chelsea confirmed his death in a statement on Saturday, saying Bates "passed away peacefully in Monaco this morning surrounded by his wife and family."
Bates' Legacy at Chelsea
Bates took over Chelsea when the club was heavily in debt and languishing in the English second division. The nominal purchase price of one pound reflected the club's dire financial state. Bates injected his own money into the club and oversaw a return to the top flight in 1984. He went on to become Chelsea's third-longest serving chairman, holding the position for 22 years.
"The club send our heartfelt condolences to Ken's wife Suzannah, the rest of his family and his friends," Chelsea said in their statement. "Ken's determination to fight for Chelsea when times were tough, and drive the team on to winning trophies will never be forgotten."
Controversial Figure in English Football
Bates was known for his "colorful, outspoken and controversial" personality, as described by Chelsea. He was one of the most recognizable figures in English football during his tenure. In 2003, he sold Chelsea to Russian billionaire Roman Abramovich for 140 million pounds (then $233 million). After leaving Chelsea, Bates took over Leeds United as owner and chairman in 2005, eventually selling the club in 2012.
Details of His Death
Bates died in Monaco, where he had been living. He was 94 years old. The cause of death has not been disclosed. He is survived by his wife Suzannah and other family members.
