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

A

ll he wants are sharks with frickin lazers on their heads. Is that too much to ask?

mufc phil
Bomb threat on FIFA D-day

W

hy is the dinosaur trying to hold on to this.... Just leave... No one wants you in this position you corrupt loser. Let someone else take over....

arsenal121
Defiant Sepp blames minority

N

ow is the time for Allardyce to finally get a chance at a big club please. He is likely to have a number of great offers for his services this summer, but who will he choose? Will it be Liverpool, Real Madrid, Dortmund or Man City?

medina_sod
Allardyce leaves West Ham

Footer 365

Craig Cathcart out to build on a special 12 months

Northern Ireland and Watford defender Craig Cathcart wants to build on a memorable year for club and country.

Tim Sherwood defends Arsene Wenger's record at Arsenal

Tim Sherwood has praised Arsene Wenger's Arsenal record ahead of the FA Cup final after past criticism of the Frenchman.

Arsene Wenger keen to focus on future ahead of FA Cup final

Arsene Wenger will continue to look to the future, rather than reflect on past glories, if Arsenal can win his sixth FA Cup.

Mail Box

Players Must Stand Up For Qatar Boycott

Players, not bureaucrats, hold the key to boycotting Qatar. Also in the afternoon mailbox: Wenger is right to rotate, Zlatan can dribble, and it's Barca v Ajax in the budget final...

What Would You Do If You Were Blatter?

Step into Sepp's shoes, is the invitation from one mailboxer. Also: United already have their new number one, Rodgers deserves time, and the best Budget XI so far...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company