LONDON - West Ham United and Sheffield United have reached an out-of-court settlement regarding a long running dispute over Argentine striker Carlos Tevez, the clubs said yesterday.
"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," West Ham CEO Scott Duxbury and Sheffield United Chairman Kevin McCabe said in a joint statement on the clubs' Web sites (www.whufc.com and www.sufc.co.uk).
"For everyone concerned, the time was right to draw a line under this whole episode," Duxbury added.
The Argentina international moved on to Manchester United in August 2007 but the dispute between the clubs began when Sheffield United appealed to the Premier League claiming that Tevez, deemed to have had a key role in West Ham's top-flight survival, was ineligible to play for the London club under league rules regarding third-party ownership.
West Ham was fined a record 5.5 million pounds ($7.72 million) by the Premier League in April, 2007 over the transfers of Tevez and compatriot Javier Mascherano but escaped a points deduction which would have effectively sealed their relegation.
Tevez was cleared to play for the rest of the season and scored the winning goal at Manchester United on the final day of the season to complete the club's unlikely escape from the drop.
Sheffield United failed in its bid to be re-instated to the Premier League but subsequently launched an arbitration claim for damages against West Ham who then filed an appeal to the Court of Arbitration for Sport (CAS) in Lausanne.
"We are happy and satisfied with the settlement," said McCabe. "We are two clubs with a fantastic history who now want to move on and focus on the business of playing football."