West Ham United co-owner, David Sullivan, admits the club are still carrying the financial burden of the Carlos Tevez saga which relegated Sheffield United back in 2007, according to Daily Mail reports.
Sullivan admitted West Ham still owe the Blades £10 million in compensation, as Tevez’s winner against Manchester United saved the club from relegation and effectively sent the Yorkshiremen back to the Championship, despite the Argentine being ineligible to play.
He said: “We have an eight-figure sum still outstanding over the Tevez affair, even though we have been playing it down over the past two years.” (Daily Mail)
Manager, Sam Allardyce has been shrewd in the transfer market, bringing in the likes of Jussi Jaaskelainen and George McCartney in the summer transfer window, while Kevin Nolan proved to be an inspirational signing last year and scored the winner in Saturday’s opening day victory over Aston Villa, but Sullivan admits the debt has hindered the Hammers’ spending.
He claimed: “We’ve done some good business and brought in some real quality despite our still-limited resources.
“That amount has to be paid off over the next 12 months, which does take its toll on our transfer activity.”