Source: SKY_Sports
Tevez settlement reached
West Ham and Sheffield United have brought an end to the Carlos Tevez saga by agreeing an out-of-court settlement for compensation.[LNB] The two clubs have been in dispute ever since Tevez helped secure the Hammers' Premier League status at the Blades' expense in 2007.[LNB]However, with the affair having dragged on for almost two years a conclusion to the matter has finally been found.[LNB]Sky Sports News understands that the Hammers have agreed to pay an initial £15million to the Blades in installments, with the final compensation package believed to be in the region of £25million.[LNB]The agreement now means an independent tribunal which was due to reconvene on Monday will no longer proceed.[LNB]In a joint statement, West Ham chief executive Scott Duxbury and Sheffield United chairman Kevin McCabe 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 United to an end. The tribunal will not be resuming."[LNB]Draw a lineDuxbury said: "For everyone concerned, the time was right to draw a line under this whole episode. [LNB]"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.[LNB]"This now allows us to concentrate on our immediate ambitions, which include a strong finish to the Premier League season and possible European qualification, without any negative impact on our long-term project. We wish Sheffield United well in their bid to secure promotion from the Championship."[LNB]McCabe added: "We are happy and satisfied with the settlement with West Ham. Throughout the finalisation of the terms for the agreement, the discussions were friendly, co-operative and in the best spirit with both the Blades and the Hammers advisory teams.[LNB]"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. [LNB]"We look forward to a positive ongoing relationship with West Ham at all levels."[LNB]
