by Batman Fri Aug 03, 2007 3:31 pm
West Ham have revealed they have reached agreement for Carlos Tevez to leave Upton Park and complete his protracted move to Manchester United.The settlement ends the threat of High Court action between West Ham and Tevez's representative Kia Joorabchian.
West Ham will receive a £2m fee for Tevez's registration.
The 23-year-old Argentine striker is understood to have already passed a medical and trained with United on Friday morning.
All sides were keen for the matter to be settled ahead of that time with the transfer window closing on 30 August.
Tevez's switch had stalled over who will be paid the transfer fee.
The Premier League and West Ham said the Hammers should receive the fee but companies MSI and Just Sports Inc, which belong to Joorabchian, said they owned the striker's economic rights.
West Ham said in a statement: "The settlement ends the current litigation taking place between the respective parties and provides for a £2m fee to be paid to West Ham.
"The agreement confirms that West Ham do have a valid player's contract with Carlos Tevez and hold the registration of the player. This will be released once the agreed fee has been paid to the club.
"The terms of the settlement are consistent with undertakings given by West Ham United to the Premier League and the rules of The Football Association."
West Ham chairman Eggert Magnusson added: "I am obviously pleased that we have finally reached the end of this saga through agreement and common sense.
"All parties involved can now move on and truly focus on the new season."