50 mill, you're having a laugh

  • by Staff Writer
  • Thursday, 18th December 2008

Sheffield United are unlikely to be awarded more than £10million in their 'fairness in football' case.

Club insiders at West Ham now believe that the Blades - who at one stage were claiming up to £50million from the Hammers after a tribunal panel decided in their favour in the ensuing Carlos Tevez case - are unlikely to get anywhere near that figure.

West Ham's lawyers have spent recent weeks poring over Sheffield United's accounts after they were granted access by a recent adjudication panel and insist that the Blades' claims are wildly inaccurate - so much so that they ignored the two annual parachute payments received from the Premier League upon their relegation when calculating losses.

Current chairman Bjorgolfur Gudmundsson, who is currently in talks with at least two parties with regards to purchasing West Ham United FC is expected to agree to honour the award of any damages as a condition of sale of West Ham, which is on the market for a fee of around £200million - although the board are likely to accept a figure between £120million-£150million.

Details of the interested parties remains undisclosed although that could all change in the new year if and when due diligence begins - the next process in the eventual sale of the club. However at least one of the interested parties are unlikely to move until the damages claim with Sheffield United has been settled.

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