While the calculations reported in newspaper state that Blades might receive approximately £30 million for the relegation, Chairman Kevin McCabe said it cost United no less than £50 million in lost revenues.
He recently stated, “I can confirm that both clubs have been notified of ruling. The arbitration panel has awarded in our favour. The matter is still legally in process so I do not wish to comment any further until we have completed that process.”
What is curious is that the club statement raises another question, the one about intervention by Premier League in the future.
The club statement read, “The Blades began their legal fight for reinstatement some 16 months which also included arbitration hearing against the Premier League. This award could now pose question as to what the Premier League will do.”
A West Ham spokesperson stated for BBC Radio 4, “We need to digest the full findings of the arbitration panel and will consult our lawyers on next steps we might take before making any further comment.”
The matter is not over yet and West Ham may appeal on the ruling through the Court of Arbitration for Sports. However, their decision whether to appeal or not will most likely depend on the final figure that the arbitration panel will define as compensation for relegation.
Just like Sheffield United, West Ham also pointed out possibility they may withdraw from debate while consulting legal representatives and they added: “It would be inappropriate to comment further at this stage.”