Russian to buy Chelsea

CHELSEA owner Ken Bates last night cleared the way for a Russian businessman to buy the club for around £30million.

Stamford Bridge chairman Bates has agreed to sell his £17.5 million stake in Chelsea Village to Russian businessman Roman Abramovich.

Abramovich yesterday arranged to buy 84,908,506 Chelsea Village Shares around 50 million of which are owned by Bates representing approximately 50.09% of the entire issued share capital of Chelsea