'Great deal' for Chelsea - Bates

Chelsea owner Ken Bates has hailed a new era for the Premiership club after he agreed to sell his majority shareholding to a millionaire Russian businessman.

Wed, 02 Jul, 2003 - 07:26

Chelsea owner Ken Bates has hailed a new era for the Premiership club after he agreed to sell his majority shareholding to a millionaire Russian businessman.

Stamford Bridge chairman Bates has agreed to sell his £17.5m (€25.2m) stake in Chelsea Village to Roman Abramovich.

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CourtsSoccerChelsea FCPlace: Stamford BridgePlace: EuropePlace: RussiaPerson: BatesPerson: Ken BatesPerson: Roman AbramovichPerson: AbramovichPerson: Jonathan ClarePerson: RogersonPerson: ClarePerson: RomanPerson: Tony BanksPerson: MPPerson: Matthew BannisterPerson: BanksPerson: Richard CabornPerson: Minister for Sport and TourismPerson: Kerry DixonEvent: PremiershipOrganisation: ChelseaOrganisation: Chelsea VillageOrganisation: Moscow State Law AcademyOrganisation: SibneftOrganisation: Citigate DeweOrganisation: Five LiveOrganisation: England
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