Hammers close to ending Tevez affair

West Ham are close to making their final payment to Sheffield United before the summer to end the Carlos Tevez affair.

Last Updated: 13/02/13 at 15:36 Post Comment

West Ham: Close to completing £18.1m payment deal

West Ham: Close to completing £18.1m payment deal

West Ham are close to drawing a line under the costly Carlos Tevez affair with their final payment to Sheffield United to be made before the summer, it can be disclosed.

The Hammers agreed an £18.1million compensation deal with Sheffield United in 2009 over Tevez' role in keeping the London club in the Premier League in 2007 at the expense of the Blades.

Under the compensation deal, the payments were staggered until 2013 - the Blades' latest accounts confirm that, and that a loan from Santander bank was taken out in 2010 secured against the payments from West Ham. As of June last year, the amount guaranteed stood at £8.5million, and the final £6million payment is due by July.

West Ham were fined £5million by a Premier League inquiry for breaching rules governing third-party ownership, but controversially no points were deducted and Tevez was permitted to play in the final three games of the season.

The club claimed they had unilaterally terminated their third-party agreement with the players' advisors, a consortium headed by Kia Joorabchian.

Tevez scored in the final match of the season as the Hammers survived and Sheffield United were relegated.

The Blades took the case to an independent tribunal which ruled that Tevez had been ineligible to play.

Third-party ownership of players is prohibited in English football - on the basis that if one person or company owns a number of players at different clubs it can lead to conflicts of interest.

UEFA has now pledged to introduce the same ban across Europe though there is opposition from some clubs, especially in Portugal and Italy, against such a move.

But UEFA general secretary Gianni Infantino said: "We think this should be the case all over the world, certainly all over Europe. If FIFA will not do it, we will certainly do it as far as Europe is concerned."

The final payment from West Ham will be hugely important in financial terms to Sheffield United, now in League One, who last year reported a £13million loss.

The club have stated in their accounts that the income has helped maintain wage levels and pay off debts.


Click here for completely free £10 bet with Sky Bet & £5 free every week


Related News

Most Commented

Readers' Comments

I

put Ince in my fantasy football team, so it's no surprise at all really. I do that to players. Also responsible for De Jong and Upson being injured. Think I'll transfer in Di Maria just to ruin United....

megabrow (cufc)
F365's Top Ten Surprise Strugglers

L

ovren? £20m always seemed a touch on the expensive side, but I wasn't expecting him to be quite such a waste of money

stevenjameshyde
F365's Top Ten Surprise Strugglers

H

alf of our players have the physical presence of a 14 year old girl. I don't know why people are always shocked that they're injured.

TheWhiz
Wenger baffled by injuries

Footer 365

Transfer news: Mats Hummels remains fully committed to Borussia Dortmund

Mats Hummels is flattered to be attracting interest from over Europe but has no intention of leaving Borussia Dortmund.

Championship: Fulham owner Shahid Khan names five-man search party for new manager

Danny Murphy, Brian McBride, and Sky Sports pundit Niall Quinn will help Fulham's search for their new manager.

Manchester United confirm Ander Herrera has suffered a broken rib

Manchester United have confirmed that Ander Herrera suffered a fractured rib against West Ham on Saturday.

Mail Box

#Usingfootballersnamesineverydaylife

We have the last of these as well as mails on Liverpool, Wayne Rooney, QPR, Arsenal's injuries and more. It's a mailbox that's Alonso rather than Rafael, if you will...

How Much In 'Pounds Raheem Sterling'?

A whole lot of you use footballers' names in everyday life. And you hate yourselves for it. As you should. We also have mails on Newcastle, Rooney and more...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property