Tevez loot

[diplomat]

From the Independent - forgets to say that we've already spooned the loot whilst still reporting a big loss.

West Ham to make final payment to Sheffield United over Carlos Tevez affair
13 February 2013 15:17
By Martyn Ziegler

The Argentine saved the Hammers from relegation

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.

PA

 

[StarBlade]

"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."

Haven't we already had the West Ham money in the form of a loan, and the West Ham money therefore goes directly to the bank? I doubt we see a penny more of the money, it's been, gone, spent, wasted.

 

[Selly]

Sheffield United, now in League One

If ever a sentence summed up exactly how insufficient WHU's punishement and our "recompense" was, its that one.

 

[Oreyt]

Cuuuuuuuuuuuuuuuuuuunts.

 

[Balham]

For the final time there is a big difference between income and cashflow.

We recognised £25m of income from West Ham in 2009 as £18.1m at the time in the accounts. That is because, owing to inflation, £1 today is worth more than £1 tomorrow. In 2009 we borrowed £18.1m from Santander secured against the future income from West Ham.

West Ham's final payment of £6.25m is due in June 2013 and will be recognised as cashflow - but it'll be an in-and-out movement as we receive the cash in and pay off the debt associated with it.

That article has popped up everywhere and is a really lazy piece of journalism. It's quite disappointing.

 

[JohnDenver]

Is it fair to say that borrowing £18m - therefore incurring bank interest - just so we could have the money up front, was a reflection of the financial straights we were already entering in 2009?

Wouldn't a non-Birch club with a modicum of financial stability have taken the money over time and therefore not given 10% of it to Santander?

 

[Selly]

As of June last year, the amount guaranteed stood at £8.5million, and the final £6million payment is due by July.

Erm, does this mean that we stil owe Santander £2.5m???

 

[Darren]

With all the (on the whole well deserved) shit coming McCabe's way, I think we should acknowledge his tenacity in getting this money when most people (me included) did not give us a hope in hell of getting anything.

 

[UnitedBlade]

Erm, does this mean that we stil owe Santander £2.5m???

From the accounts, it looked like £6M this year and £2.5m next year.

I went to the AGM and I thought McCabe said £6m in Feb and the remaining £2.5m in August but now I'm doubting what I heard !

I have seen an article where I think Gold said they still have very considerable debts to settle so there could be more.

I just hope we aren't short somewhere

 

[Revolution]

With all the (on the whole well deserved) shit coming McCabe's way, I think we should acknowledge his tenacity in getting this money when most people (me included) did not give us a hope in hell of getting anything.

Yes, he did an excellent job, and it's always difficult to accept that the man who fought so hard for justice for himself and the club is the same man who claims he is unable to hold players to their contracts when the likes of Mark Rankine apply pressure...

 

[BladeFisher]

He could always give each season ticket holder £270 for watching 'League One' football.

 

[Bladesman]

From the accounts, it looked like £6M this year and £2.5m next year.

I went to the AGM and I thought McCabe said £6m in Feb and the remaining £2.5m in August but now I'm doubting what I heard !

I have seen an article where I think Gold said they still have very considerable debts to settle so there could be more.

I just hope we aren't short somewhere

If McCabe said it then I would certainly doubt it these days.

 

[Blackheath Blade]

I have seen an article where I think Gold said they still have very considerable debts to settle so there could be more.

The only "considerable debts" that needs settling is by The Blades, the next time we play the cheating bastards.

 

[Sothall_Blade]

Warning! - Please do not read the article below if you are pregnant or suffer from high blood pressure:-

http://thegamesgonecrazy.blogspot.co.uk/2013/02/sheffield-united-prove-there-is-god.html

P.S. Tony Riley, call yourself a Blade. You are a chuffing disgrace..!

 

[Latters]

Warning! - Please do not read the article below if you are pregnant or suffer from high blood pressure:-

http://thegamesgonecrazy.blogspot.co.uk/2013/02/sheffield-united-prove-there-is-god.html

P.S. Tony Riley, call yourself a Blade. You are a chuffing disgrace..!

Other than the comments about having a soft spot for West Ham, who I'm completely indifferent towards, and us being underdogs against the pigs, which we haven't been for years, I agree with him.

The way everyone moaned about us being "cheated" was an embarrassment. We went down because we weren't good enough. Because we wasted money on "ones for the future" rather than replacing the injured Hulse with the likes of Beattie and because we played so defensively away from home we barely picked up a point.

A bit more bottle and more wise investment of the money we pissed away on shit and we needn't have worried if West Ham had Tevez or not because we'd have been safe.

 

[raul]

Agree with Latters on this one. Yes, they cheated, but if we'd done our job it would have been someone elses problem. And it's all a bit tedious now, using it as an excuse for our ground zero. It's six years ago ffs and only when we can stop harking back to it can we move on from it.

 

[BladeFisher]

Other than the comments about having a soft spot for West Ham, who I'm completely indifferent towards, and us being underdogs against the pigs, which we haven't been for years, I agree with him.

The way everyone moaned about us being "cheated" was an embarrassment. We went down because we weren't good enough. Because we wasted money on "ones for the future" rather than replacing the injured Hulse with the likes of Beattie and because we played so defensively away from home we barely picked up a point.

A bit more bottle and more wise investment of the money we pissed away on shit and we needn't have worried if West Ham had Tevez or not because we'd have been safe.

Spot on. I said that at the time when it was easy to blame others. The real culprits were the PL. Shame they didn't run the CPS in North Wales.

 

[JohnDenver]

Where's Selly?

No one disputes we were the third worst team in the league. And I don't think anyone thinks Tevez is why we're in div1.

But I'll never forget the lies, cheating and appallingly weak rule enforcement of that season. The compensation was just, but I'd much rather West Ham hadn't cheated and we'd competed on a level playing field.

 

[Sothall_Blade]

Other than the comments about having a soft spot for West Ham, who I'm completely indifferent towards, and us being underdogs against the pigs, which we haven't been for years, I agree with him.

The way everyone moaned about us being "cheated" was an embarrassment. We went down because we weren't good enough. Because we wasted money on "ones for the future" rather than replacing the injured Hulse with the likes of Beattie and because we played so defensively away from home we barely picked up a point.

A bit more bottle and more wise investment of the money we pissed away on shit and we needn't have worried if West Ham had Tevez or not because we'd have been safe.

If he wants to suck up to some West Ham tosser who's calling us shit, that's his problem. Just don't claim to be speaking on behalf of "most" Blades. He's certainly not speaking for me when he says "many" have a soft spot for the Hammers and their brand of football. Do we? Really?

 

[Northyorksblade]

Absolutely not. I didn't think we should pursue the Tevez claim but nevertheless I detest West Ham with a passion. It's great to see Big Sam there encouraging hoofball.

 

[Selly]

Where's Selly?

No one disputes we were the third worst team in the league. And I don't think anyone thinks Tevez is why we're in div1.

But I'll never forget the lies, cheating and appallingly weak rule enforcement of that season. The compensation was just, but I'd much rather West Ham hadn't cheated and we'd competed on a level playing field.

I'm here.

Totally agree we were the third worst team in the PL that year. The question is whether WHU were only better than us because they had TWO world class Argentinians, signed under odd contracts or not.

That is a matter of opinion and i actually tend to think it is something that we can't really base any argument for feeling hard done by on.

However, an other question is whether, in a competition based on points, any attempt to circumvent the rules should be dealt with with anything less that deduction of some points. I tend to think that a points deduction is the minimum punishment for any attempt as a club to gain an unfair advantage on the pitch.


And that's before you get into the facts that WHU repeatedly lied to the PL. That short of behaviour in any other club would get you thrown out...

 

[puppet]

I'm here.

Totally agree we were the third worst team in the PL that year. The question is whether WHU were only better than us because they had TWO world class Argentinians, signed under odd contracts or not.

That is a matter of opinion and i actually tend to think it is something that we can't really base any argument for feeling hard done by on.

However, an other question is whether, in a competition based on points, any attempt to circumvent the rules should be dealt with with anything less that deduction of some points. I tend to think that a points deduction is the minimum punishment for any attempt as a club to gain an unfair advantage on the pitch.


And that's before you get into the facts that WHU repeatedly lied to the PL. That short of behaviour in any other club would get you thrown out...

Not only that but said player scores AT Man Utd, WHU win 1-0 in a highly unlikely scenario, Tevez goes out on the man Utd victory celebration then signs for Man Utd!!! Fishy or what?

 

[super_pig]

I'm here.

And that's before you get into the facts that WHU repeatedly lied to the PL. That short of behaviour in any other club would get you thrown out...

yeah but west ham won us the world cup.. seriously guys you need to get over this west ham thing.. it is holding us back.. personally i detest wigan. 4th bottom every season.. i hope they go down this year

 

[frijo]

At the end of the day of we had tevez we would have stayed up .

 

[Darren]

I'm here.

Totally agree we were the third worst team in the PL that year. The question is whether WHU were only better than us because they had TWO world class Argentinians, signed under odd contracts or not.

That is a matter of opinion and i actually tend to think it is something that we can't really base any argument for feeling hard done by on.

However, an other question is whether, in a competition based on points, any attempt to circumvent the rules should be dealt with with anything less that deduction of some points. I tend to think that a points deduction is the minimum punishment for any attempt as a club to gain an unfair advantage on the pitch.


And that's before you get into the facts that WHU repeatedly lied to the PL. That short of behaviour in any other club would get you thrown out...

The reality is, we don't know if we were the third worst team in the a PL 2006-07 season run according to its rules, because the PL that season was not run according to its rules. West Ham broke those rule and sanction was imposed on them in the only way that would have mattered - deduction of those rule - indeed I think there is a very strong argument for saying that all games in which the players played illegally should have been awarded to the opposition. That, of course, would have relegated WHU by a mile and the Wigan game would not have mattered.

 

[Bladesway]

So much has happened since Tevez. West Ham should have been deducted points but hey, its no shock with Sir Trev with his fingers in the pie that didn't happen. I don't mind most West Ham fans (although theres one individual Raul dealt with on one occasion I wasn't so keen on). Its not the fault of a football club if the administrators in the FA and Premier League are toothless spoilheaps to a one.

However, we deserved relegation that season in part down to bad luck and Hulse getting injured, in part down to Warnocks January transfer activity and in part down to Warnock losing the plot somewhere and going 1 up front against Villa among many other issues that Warnock contrived himself (new contract talk before the last game of the season anyone?).

Since then the decline has been down to McCabe. Now solely down to him. If we get back up Wilson should take massive credit. McCabe I am sure would be part of any promotion party but if he had an ounce of grace he would stay well away.

His creditable chasing of the money from West Ham was the last good act he did for Sheffield United. That was some time ago.

 

[Darren]

So much has happened since Tevez. West Ham should have been deducted points but hey, its no shock with Sir Trev with his fingers in the pie that didn't happen. I don't mind most West Ham fans (although theres one individual Raul dealt with on one occasion I wasn't so keen on). Its not the fault of a football club if the administrators in the FA and Premier League are toothless spoilheaps to a one.

However, we deserved relegation that season in part down to bad luck and Hulse getting injured, in part down to Warnocks January transfer activity and in part down to Warnock losing the plot somewhere and going 1 up front against Villa among many other issues that Warnock contrived himself (new contract talk before the last game of the season anyone?).

Since then the decline has been down to McCabe. Now solely down to him. If we get back up Wilson should take massive credit. McCabe I am sure would be part of any promotion party but if he had an ounce of grace he would stay well away.

His creditable chasing of the money from West Ham was the last good act he did for Sheffield United. That was some time ago.

I've never understood why people criticise NW for playing defensively at Villa. We needed a point to be safe against a team technically better than us. A 1-0 defeat would also have been an ok result (that would have left Wigan needing to win by 2) 10 men behind the ball and parking the bus seems a eminently reasonable tactic in that context.

 

[Selly]

So much has happened since Tevez. West Ham should have been deducted points but hey, its no shock with Sir Trev with his fingers in the pie that didn't happen. I don't mind most West Ham fans (although theres one individual Raul dealt with on one occasion I wasn't so keen on). Its not the fault of a football club if the administrators in the FA and Premier League are toothless spoilheaps to a one.

An interesting thought process.

Lets not forget that this is the same football club that:

• Signed the TPA
• Lied repeatedly to the FA about it
• Didn't plead Guilty at the first time of asking
• Had 3 months to prepare their defence
• Plead Guilty right at the end of the season
• Asserted that the TPA was torn up, and that tevez was "theirs" for the next 3 years
• Sold a £30m pound player, who was under contract, for £2m - at their own behest

Moan at the FA/PL all you want, but if WHU aren't a buch of shysters, none of it happens at all...

 

[Selly]

I've never understood why people criticise NW for playing defensively at Villa. We needed a point to be safe against a team technically better than us. A 1-0 defeat would also have been an ok result (that would have left Wigan needing to win by 2) 10 men behind the ball and parking the bus seems a eminently reasonable tactic in that context.

The tactics weren`t the problem, the performance was...

 

[Bladesway]

I've never understood why people criticise NW for playing defensively at Villa. We needed a point to be safe against a team technically better than us. A 1-0 defeat would also have been an ok result (that would have left Wigan needing to win by 2) 10 men behind the ball and parking the bus seems a eminently reasonable tactic in that context.

Defensive yes, putting an undercooked Kilgallon into the back 4 to get bullied by (Carew I think). Letting Ashley Young run pretty much unchecked througout the match and letting Villa dictate for the entire 90 minutes no. His inability to adapt tactics to the situation was obvious to all. Had we lost 1-0 or 2-1 all would have been fine but there wasn't a flicker of life from us even at 2-0 down to say we were going to try and score a goal.

We were sat when they read the teams out saying we could be in a bit of bother here.