Rapid Hammer

has been moved to new address


Sorry for inconvenience...

RAPIDHAMMER: Eggert Magnusson Statement on Carlos Tévez

Friday, 6 July 2007

Eggert Magnusson Statement on Carlos Tévez

06/07/2007 18:22

The following is an official statement from West Ham United Chairman Eggert Magnusson:

"Carlos Tevez is a registered West Ham United player, contracted to the Club until June 2010.
"There is no agreement with West Ham United for Carlos Tevez to leave the Club and we expect him to return in time for next season's preparations.
"No decision on his future can be reached without the agreement of West Ham United."


Anonymous said...

Iain Dale has a post about the ownership of Carlos Tévez (an article from The Times): http://www.whufc.com/articles/article.php?page_id=9272

This article clarifies the Tevez situation . . . or at least I think it does…

Who owns Carlos Tévez?

West Ham United hold the player’s registration. Kia Joorabchian’s Media Sports Investments firm owns the economic rights to the forward.

Does Tévez’s transfer to Manchester United mirror Javier Mascherano’s move to Liverpool in January?

Yes and no.

How do they differ?

Liverpool signed Mascherano on an 18-month loan – at the end of which they have the option to buy the player permanently – after West Ham ripped up the player’s registration and gave up any rights to him to facilitate the transfer. Joorabchian, who owns the economic rights to Mascherano as well as Tévez, was paid £1.5 million by Liverpool as part of the deal. United have agreed a two-year loan deal for Tévez, with the option to sign the forward permanently at the end of that period, but West Ham cannot simply give up the rights to the player in this case to facilitate the transfer.

Why not?

After the verdict delivered by the independent commission into the transfer on April 27, when West Ham were fined £5.5 million, the club were given three choices. Either they stop playing Tévez, they bring the third-party agreement with Joorabchian into line with FA Premier League rule U18 so Joorabchian could not materially influence the club’s policy, or, finally, terminate its agreement with Joorabchian on the proviso that they would continue to behave in that manner and assert their rights over the player.

So what did they do?

Given that Tévez was central to the club’s hopes of staying in the Premiership, West Ham decided to terminate their agreement with Joorabchian and assert their rights over the player. As part of the agreement, West Ham would effectively have to answer to the Premier League regarding any future dealings with Tévez. Even if they wanted to, they could not simply terminate the player’s contract, but the decision left the club open to a legal action from Joorabchian for breach of contract.

So what has to happen to satisfy the Premier League before Tévez can join Manchester United?

United must strike a deal with West Ham for Tévez. That means that any fee – thought to be £6 million over the two years – would have to be paid to West Ham and not Joorabchian.

But couldn’t West Ham just receive a fee from United and then give it all to Joorabchian as compensation?

No. The Premier League would want to see that a “significant portion” of the transfer fee remained with West Ham and, given that it has power to scrutinise transactions over £25,000, that would be easy. Otherwise, it could be accused of trying to cover up the third-party agreements that caused so much controversy in the first place.

But what about Joorbachian? Won’t he try to sue West Ham if he does not receive some compensation for a player he holds the economic rights for?

He could, but it is likely that, somewhere down the line, West Ham will pay him a compensation fee in an out-of-court settlement, although that will have to be handled carefully.

Anonymous said...

Trilby posted on his "Just Like My Dreams" Blog:
The proposed transfer of Carlos Tevez descended into farce this evening when the player agreed terms on a £60million deal with Manchester United and then was told he is expected to return to pre-season training with West Ham. Earlier in the day the Daily Mail released full details of the deal that could see Tevez join United on an initial £6million two-year loan. If Manchester United then exercise a three-year buy-out option it will cost them a further £35million, and they will then own the player outright. Tevez's wages have been agreed for five years — and United will pay him just under £100,000 a week. Crucially, all transfer monies will be paid directly to owner Kia Joorabchian. The article also states that the Premier League are determined not to sanction the transfer unless West Ham are seen to be exercising their rights as the player's employers, and Hammers tonight refused to play ball with United, demanding that the Old Trafford board negotiate directly for the player.

An hour after Magnusson's statement on the West Ham Official Site Tevez's representatives reiterated that the West Ham United striker had agreed personal terms with Premier League champions Manchester United. Lawyers acting for agent Kia Joorabchian said: "We confirm that Carlos Tevez has, with the knowledge and permission of West Ham United Football Club, been in discussions with other clubs. Subsequently, personal terms have now been agreed with Manchester United Football Club."

The Mail quote 'sources close to the biggest transfer of the summer' who believe West Ham's stance to be a tactic designed to ensure that they receive a cut of the transfer fee and, at the same time, avoid accusations from the Premier League that their declaration of outright ownership of Tevez back in April was false. The same source claims Manchester United are still optimistic that the deal will go through at the start of next week even though officials are privately conceding that they now have a battle on their hands.

football betting said...

there is no point being sour (stand up sheff united fans!) - but i bet that victory over man united at the weekend was mighty sweet for the hammers fans, particularly those who like to bet on football... ive got a feeling all those (hammers fans) who had a wager on this game will be starting the new year wealthy people!