The Premier League have agreed to set up an arbitration tribunal to rule on Sheffield United's complaints over the Carlos Tevez affair.

The League have conceded that the Blades do have the right to call for an arbitration panel - but have told the relegated club they are wasting their time and money.

The Blades though are to insist on pursuing their claim that the independent commission should have deducted points from West Ham and that the League should have cancelled Tevez's registration.

A source close to Sheffield United said: "We received a letter from the Premier League today telling us they do not think we have any grounds to request arbitration - but they accept it is our right to do so.

"They have said they will not appoint anyone until Friday to give us the opportunity to withdraw the request - basically they are saying we are wasting everybody's time.

"We still believe these matters need to be resolved so we will press ahead and ask for arbitration and we hope that this process can be concluded before the end of June."

The row is over an independent commission's decision to fine West Ham £5.5million rather than dock the club points for signing third-party agreements in contravention of league rules.

The Premier League say they are satisfied West Ham ended those agreements as soon as they were ordered to so, and that the independent commission's decision cannot be appealed against by anyone except West Ham.