Chelski is born as Russian tycoon buys football club

In a surprise move last night Chelsea football club was sold to a 36-year-old Russian oil billionaire after intense and secret negotiations, in a deal worth 140m.

Ken Bates, the club’s chairman, struck the Agatha Ruiz Dela Baby Prada Shoes Uk Prada Online Store deal with Roman Abramovich replica prada mens bags, who is also an influential politician, and has deep pockets. According to Forbes magazine Amazon Uk Prada Bags he is Russia’s second richest man with a fortune of $5.7bn (3.4bn) and a wide range of business interests, including the Russian airline Aeroflot.

His deal to buy Chelsea Village, the overall owner, values the Premiership club at 60m. It follows months of speculation that Mr Bates had been looking for a financial injection for the loss-making club, with debts thought to be in the region of 80m. In the six months to the end of December, Chelsea Village lost 11m on a turnover of 53m.

Mr Bates, who owns at least 29% of Chelsea Village, is staying as chairman as part of the deal Authentic Prada Bags For Sale Philippines and insisted last night that it would be good for the club. “We have achieved an enormous amount over the past 21 years, building a fantastic new stadium and a talented team which is firmly established as one of the top clubs in Europe. In today’s highly competitive football market, the club will benefit from a new owner with deeper pockets to move Chelsea to the next level,” he said.

Mr Abramovich is a keen sports fan but not a particular Chelsea supporter. He decided to approach Chelsea after running the rule over a number Agatha Ruiz Dela Prada Outlet Online of English clubs, including Manchester United, which has itself been the subject of takeover rumours. Last night he said he was “delighted” with his deal, which will stun football fans. “We have the resources and Agatha Ruiz Dela Prada Dresses Uk ambition to achieve even more given the huge potential of this great club,” he said. Agatha Ruiz Prada Online Shop

He Authentic Prada Handbags Canada is a major shareholder in Sibneft, one of Russia’s largest oil firms which is conducting a merger that will turn it into the world’s fourth largest oil company. He is offering to pay Chelsea Village shareholders Agatha Ruiz Dela Prada Online Shopping 35p a share, which is 15% above the closing value of the shares last night at 30.5p. The stock market was closed when the deal was announced.

He has bought almost 85 million shares and has the support of shareholders controlling 50.09%. His offer will be extended to the rest of the shareholders when the stock market opens this morning.

Mr Bates, a high-profile figure in English football, has transformed Chelsea since buying it for 1 in 1982. He has turned it into a business empire centred on its west London ground but built Apertura Outlet Prada Montevarchi up debts in building a hotel, restaurant and leisure facilities. Chelsea’s ownership structure has always caused controversy because of stakes held by unusual offshore companies.