Ken Bates, the former owner of Chelsea Football Club who is widely known for purchasing the club for £1 in 1982, has died aged 94, according to reports from UK outlets. The accounts say he passed away peacefully in Monaco on Saturday morning, surrounded by his wife and family. Bates’s ownership is remembered in part for the widely cited deal that brought him control of the west London club for a nominal fee. Several tributes have been reported following his death, reflecting his profile within English football and his role as an owner during a significant period for the club. The reports describe his passing as occurring in Monaco, but they do not provide further medical details. The information published across the sources is consistent on the core points: his age at death, the Monaco location, the timing on Saturday morning, and the notable 1982 purchase of Chelsea for £1.