Sheffield United and West Ham United have today announced that they have agreed an out of court settlement regarding the Carlos Tevez affair.
The agreement comes just before the independent tribunal scheduled for the 16th March which was to determine exactly how much compensation the Blades would receive after the legal victory last autumn.
Early figures as to how much United will receive have varied between £15m to £25m but the figure is expected to remain undisclosed and is expected to be paid in instalments over 5 seasons. The settlement is comes because West Ham breached Premier League third party ownership rights by playing Tevez , a player they only partly owned, and he played an instrumental role in keeping the Hammers up at United’s expense.
In a joint statement, Sheffield United Chairman Kevin McCabe and West Ham United's Chief Executive Officer Scott Duxbury said: "Both clubs are pleased to announce that a satisfactory settlement for compensation has been reached which brings the dispute between Sheffield United and West Ham to an end. The tribunal will not be resuming."
Mr McCabe said: "We are two clubs with a fantastic footballing history who now want to move on and focus on the business of playing football – hopefully for us against the Hammers in the Premier League next season. We look forward to a positive ongoing relationship with West Ham at all levels."
Mr Duxbury said: "For everyone concerned, the time was right to draw a line under this whole episode. We have had very positive discussions over a number of days with Sheffield United and acknowledge their willingness to resolve this in the best interests of both clubs.
“We wish Sheffield United well in their bid to secure promotion from the Championship."
Gavin Patterson
Mr McCabe said: "We are two clubs with a fantastic footballing history who now want to move on and focus on the business of playing football – hopefully for us against the Hammers in the Premier League next season. We look forward to a positive ongoing relationship with West Ham at all levels."
Mr Duxbury said: "For everyone concerned, the time was right to draw a line under this whole episode. We have had very positive discussions over a number of days with Sheffield United and acknowledge their willingness to resolve this in the best interests of both clubs.
“We wish Sheffield United well in their bid to secure promotion from the Championship."
Gavin Patterson
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