West Ham and Sheffield United 'settle on £10m' over the Carlos Tevez affair

13 March 2009 09:14
The Carlos Tevez saga appears to be over after reports that West Ham

and Sheffield United have agreed a deal close to £10million.

Audition: Carlos Tevez scores for West Ham against Manchester United in May 2007

The Championship club had wanted £45m to cover the costs of their relegation from the Premier League two years ago after West Ham broke third-party ownership rules.

But they have reportedly agreed to a smaller figure ahead of an independent FA arbitration hearing, which was due to start next week, that would have led to a judgement on compensation. The money will be paid over five years.

West Ham were preparing to contest the £45m claim, arguing the cost of demotion was much lower, but appear to have settled rather than risk another defeat during a tough economic climate at Upton Park.

It would bring an end to a legal proceedings that have persisted since April 2007, when West Ham escaped the deduction of points but were fined £5m by an independent Premier League inquiry.

Although the arbitration panel hearing has been shelved, a separate Premier League inquiry launched following the Lord Griffiths ruling will continue.

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Source: Daily_Mail