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

E

ven if United were to sign CR7 & Messi to play upfront, the fact remains Fletcher and Cleverly are playing in midfield. That's where the problem is. Fletcher is too slow with an awful pass, while Cleverly is simply rubbish

mrunited4life
Di Maria - A Signing of Necessity, or Opportunity?

T

hese days, these days, you can't say something racist without somebody saying that you're a racist.

tk421
'Wrong' Views Not Silenced By Shouting...

D

rop Rooney (he's so disappointing, overrated and overpaid), and play Di Maria and RVP upfront, much like the set up at the Netherlands team with Roben and RVP...

eric bush3
Di Maria - A Signing of Necessity, or Opportunity?

Footer 365

Transfer news: Southampton capture Toby Alderweireld on season-long loan from Atletico Madrid

Southampton have captured Belgium international defender Toby Alderweireld on a season-long loan from Atletico Madrid.

Transfer news: Harry Redknapp reveals failures of Fabio Borini and Jermain Defoe deals

Harry Redknapp has revealed QPR were thwarted in their bid to bring Jermain Defoe and Fabio Borini to the club.

Transfer news: Sadio Mane beats deadline to join Southampton from Red Bull Salzburg

Southampton completed their Deadline Day business when they signed Red Bull Salzburg winger Sadio Mane.

Mail Box

It's That Time Again: 'Wenger Out'

Are Arsenal fans the ficklest in the Premier League? That's one question in the mailbox as Gooners call for Wenger to leave (again). Plus, plenty of reaction to Falcao...

Wenger: The Most Stubborn Manager Going

Arsenal fans would quite like their club to sign a striker thank you very much, whilst someone is excited about Jim White et al. Plus, Klose to Arsenal please...

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