Ken Bates Factfile - LeedsUtdMad 20/1/05
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Ken Bates Factfile
Story by Kevin Markey
ANYONE who buys a business for £1 and sells it 21 years later for a personal profit of £16,999,999 is obviously no mug. Factfile on Ken Bates....
1931: Born December 4 in Ealing, West London. Made his personal fortune from a ready-mix concrete business and dairy farming and was briefly chairman of Oldham in the 1960s, as well as buying control of Wigan in 1981.
1982: Bought Chelsea Football Club for £1, albeit taking on significant debts in the process.
1985: The Football Association and the Greater London Council rejected his proposals for electrified fencing to deter hooligans.
1986: Joined Football League management committee and submitted planning application to rebuild Stamford Bridge as a new stadium, rather than an opposing bid by Marler Estates to build flats.
1991: Chelsea fined £105k for alleged illegal payments to players....