And Osgood, who along with the rest of the famous Blues side of the 1970's was banned from the ground by the former chairman, applauded the possibility of the former chairman taking a back seat at Stamford Bridge.
"I think it's a great day, I really do."
"I was there for 20 years as a player and on the PR side and he deprived me of that (going to the ground), so now he knows how we feel, being deprived of going somewhere we loved, played for, and are supported by the fans - and who loved the fans as well."
"I could have been a great fan of Ken Bates, and I am a fan of what he has done at the club - you can't knock that - it's just the way he treats people. Now he's going to realise the way we felt and the way we were upset about it.
"We never said anything bad about the club. It's only been between Ken Bates, myself and people like Chopper and people like Tommy Baldwin and Alan Hudson. He doesn't like the 70's side and hes made it very clear and it's very sad.
"But hopefully now we can look forward to going back there."