Bates and Chelsea agrees a settlment

Premier League club Leeds United Chairman Ken Bates has agreed to settle his breach of contract claim with FC Chelsea. "This settlement has been agreed by Chelsea to avoid wasting more management time and to avoid incurring ever increasing legal fees as a result of the forthcoming trial," Chelsea state on their official website. "In reaching this settlement, Chelsea has not admitted any liability." The case was due to be heard in the High Court in June and media reports last year said Bates had issued a £2m writ against the club. Bates resigned as Chelsea chairman in March 2004 blaming differences of eastern and western cultures. Russian billionaire Roman Abramovich took over from Bates at Stamford Bridge in a deal worth £60 million in July 2003.

Source: euFootball.BIZ © Copyright 2006 - All rights reserved.