Hammers won't appeal record fine

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The Barclays Premiership side were hit with the massive penalty following a two-day hearing at the end of last month.

Scroll down to read more:

Relegation threat: Carlos Tevez and his West Ham pals know it will not be an easy task at Old Trafford if Sheffield United slip up at home to Wigan

Controversially, however, the Hammers avoided a points deduction and have subsequently climbed out of the relegation places.

New chairman Eggert Magnusson, who was not involved in last summer's signings, said in a statement: "I think it is now time to draw a line under this matter.

"The fine imposed on us was very significant but we accept that mistakes were made and it is now time to move on.

"Our intention as a club is to be totally focused on Sunday's game (at Manchester United). We know that our fate, like every other club, will be decided, where it should be, on the pitch."

West Ham's decision will come as little surprise, given that the punishment meted out to them was deemed lenient by their relegation rivals.

With the value of participation in the Premiership higher than ever next season when lucrative new television deals kick in, if the Hammers stay up, as now looks likely, they can expect to make back the value of the fine several times over.

A so-called 'Gang of Four' comprising Fulham, Sheffield United, Wigan and already-relegated Charlton have threatened to take legal action against the commission's failure to dock points, although the Premier League was today reported to have warned that any litigation would be doomed to failure.

The commission concluded that Tevez and Mascherano were part-owned by Media Sports Investment, the company formerly run by Iranian-born businessman Kia Joorabchian when they were signed last August by the previous regime, although Mascherano has since signed for Liverpool.