Ken Bates

Ken Bates

Kenneth William Bates (born 4 December 1931) is a British businessman, football executive and hotelier. He is the chairman and owner of Leeds United AFC.

After a short stint as chairman of Oldham Athletic, in 1980 he became co-owner and Vice Chairman of Wigan Athletic with his old business associate Feddie Pye. In 1982 Bates bought struggling, debt-ridden Second Division side Chelsea for £1 . During his tenure he helped the club win a long-running battle with property developers who were attempting to evict them from their Stamford Bridge home. By the end of his reign Chelsea were regularly finishing in the top six of the Premier League, and had won their first major trophies since the 1970s, although had a debt burden of around £80 million. In July 2003, he sold the club to Russian billionaire Roman Abramovich from whom he received £140 million.

In January 2005, Bates bought a 50% stake in Leeds United, another club struggling under a heavy debt burden. In May 2007, Bates' tenure saw Leeds go into administration (with unpaid debts of some £35 million, having been reduced from £100m four season before) and suffer relegation to the third tier of English football. The following month, a consortium led by him bought the Club back from the Administrators, via offshore companies, for £1.5 million. After the Administration, the Club was considered to be "debt free". The Club regained Championship status in 2010 and, on 3 May 2011, in anticipation of promotion to the British football Premier League (not subsequently realised) Bates confirmed, according to the BBC, that he had become the sole owner of Leeds United.

Read more about Ken Bates:  Biography

Other articles related to "ken bates, bates":

Ken Bates - Biography - Leeds United A.F.C.
2005, after failing in a bid to invest in Sheffield Wednesday, Bates became the principal owner and chairman of then struggling Championship team, Leeds United purchasing 50% of the club ... Bates had a dispute with former club, Chelsea, having accused them of "tapping-up" three Leeds youth players, accusations denied by Chelsea ... Chelsea in turn reported Bates to the FA for his comment that the current Chelsea directors are "a bunch of shysters from Siberia", an alleged anti-semitic remark about Abramovich, something denied by Bates ...
Leeds United A.F.C. - History - 2010–present: Return To The Championship
... In May 2011 it was announced that Leeds Chairman Ken Bates had bought the club and became the owner of Leeds ... the match against Middlesbrough, Leeds fans protested at Ken Bates about lack of investment in the playing side, in which Bates responded by calling ... the team, after the Leeds United Supporters Trust put out a request for a takeover from Ken Bates ...
Leeds United Football Club Limited - CVA Challenge
... One day before the 28 day period was due to end, Bates altered his offer to ensure it was not challenged ... Bates had previously stated "If there is a legal challenge, it could take two or three months to get to court and be decided ... Our bid was significantly better than Ken Bates' and we are in a position to move very quickly if we are offered the right commercial terms." Following the ...
2007–08 Leeds United A.F.C. Season - Events - January
... Chairman, Ken Bates admits that he had Dennis Wise in mind as manager of Leeds from the day he took over ... Bates says that he and Wise are at Leeds for the long haul ... I keep getting asked about Derby, but sorry Derby we are a bigger club." 18 January Chairman, Ken Bates reveals he wants Elland Road to be one of the 12 host venues should England win ...

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