Date: 4th June 2006 at 1:33pm
Written by:

This sees the end to a bitter dispute between the three clubs, as Mikel’s registration will be transferred from Lyn to Chelsea ‘as soon as possible’. This is according to a statement from United, who have agreed ‘to terminate their option agreement’ with the player.

United: ‘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‘As a result of this settlement all claims in this matter, which Chelsea were never an official party to, are now withdrawn.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.’