West Ham hammered by High Court ban over Tevez affair
PUBLISHED: 09:00 28 November 2008 | UPDATED: 13:50 05 October 2010
WEST HAM are facing a crippling financial blow after the High Court stopped the club going to Arbitration over the Carlos Tevez affair. A temporary order stopping Hammers appealing to sports’ arbitration body was granted over a ruling that they had breached Premier League rules in signing the Argentina striker
WEST HAM are facing a crippling financial blow after the High Court stopped the club going to Arbitration over the Carlos Tevez affair.
The Hammers could now be hit by a £30 million compensation payout to Sheffield United, who were relegated from the Premier League on the final day of last season.
A temporary order stopping West Ham appealing to sports’ arbitration body was granted by a High Court judge on Wednesday over a ruling that they had breached Premier League rules in signing the Argentina striker.
The East London club has requested an appeal against the injunction, amid fears that the latest development in the long-running legal battle could spark an economic meltdown at Upton Park.
The club is already in financial turmoil after the collapse of shirt sponsor XL and a series of devastating setbacks to owner Bjorgolfur Gudmundsson’s business empire in Iceland.
The financial uncertainty has raised fears of a fire sale’ of players in the January transfer window’ and speculation that Gudmundsson may be forced to sell the club.
If you value what this story gives you, please consider supporting the East London Advertiser. Click the link in the orange box above for details.