West Ham still affected by Tévez affair
According to David Sullivan West Ham are still being affected by the Carlos Tévez affair which happened five years ago. United won £26.5m in damages in an out-of-court settlement in March 2009. West Ham still owe £10m to Sheffield United which is payable over the next year.
Sullivan said that the repayment burden had affected his transfer budget despite bringing in seven players this summer for a net outlay of around £6.5m.
The club have liabilities of between £70m and £90m and repayments this year also include about £8m owed on transfers and another sum in the region of £5m to cover ticket income that was sold in advance.
Sullivan has said that he and co-owner David Gold would need to inject another £25m into the club this summer to cover for debt repayments and losses.