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Reds Agree £12m Mikel Fee With Chelsea
Chelsea Football Club, Manchester United Football Club, FC Lyn Oslo and John Obi Mikel have reached a settlement to resolve the future of the player.
Mikel's registration will be transferred from Lyn to Chelsea FC as soon as possible. Manchester United have also agreed to terminate their option agreement with Mikel.
Under the terms of this agreement Chelsea will pay Manchester United £12million, half payable now and half in 12 months, and Lyn £4million, half payable now, and half payable in 12 months time.
As a result of this settlement all claims in this matter, which Chelsea were never an official party to, are now withdrawn. The payments do not in any way imply the acceptance of any such claims and have been made solely so that Mikel can resume his career.
Manchester United will support Chelsea in any work permit application if necessary.
All parties have agreed that there will be no further comment on the settlement or any of the allegations or claims.
Communications Department,
2 June 2006
from manutd.com
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