Man Utd bank £12m as Chelsea sign Mikel

June 3, 2006
LONDON, June 3 (Reuters) - English champions Chelsea have signed teenager John Obi Mikel after agreeing to pay £12 million ($22.4 million) to Manchester United who were also chasing the Nigerian midfielder.

The wealthy London club completed the deal on Saturday to end an 18-month battle over the talented player.

Chelsea said they would also pay Mikel's former club Lyn Oslo £4 million. Half of the payments to United and Lyn will be paid in a year's time.

Mikel's ...

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