The increase in the costs, combined with other factors, sent the club into decline. As a part of financial restructuring in the late 1970s, the freehold was separated from the club and when new Chelsea chairman Ken Bates bought the club for £1 in 1982, he did not buy the ground. A large chunk of the Stamford Bridge freehold was subsequently sold to property developers Marler Estates. The sale resulted in a long and acrimonious legal fight between Bates and Marler Estates. Marler Estates was ultimately forced into bankruptcy after a market crash in the early 1990s, allowing Bates to do a deal with its banks and re-unite the freehold with the club.