Harry Redknapp 'lost £250,000 aiding friend'

 

Harry Redknapp told police his home was at risk after he lost millions of pounds in disastrous investments, a court heard today.

The Tottenham manager urged detectives to ask his solicitor if he had "ever come across anyone as bad, businesswise".

He said he lost £6million in a property venture in Southsea, Hampshire, and had squandered £250,000 to help his friend, Jim Smith, keep his managerial job at Oxford United.

Redknapp - tipped as a future England boss - also said he had paid £1million in tax in 2008, before adding: "We are givers not takers."

During interviews with City of London police, Redknapp said: "I am not a tax fiddler, I am not any kind of tax fiddler, never have been in my life."

In transcripts read out at Southwark Crown Court, Redknapp said he had paid £8.5million on property in Southsea.

He said he had a chance to share the investment with a Samir Khan, described as a business associate of former England goalkeeper David James.

Redknapp told officers: "I've signed a form that says he's half in, and he ain't put no money in, and I've signed the forms now, you can ask my solicitor in Bournemouth, and they can't believe that I didn't read anything.

"I thought he said 'I'll meet you half way, I'll put half in what you put in'.

"He put half in what I put in up to that point and my own money was about two hundred grand, now he's in for nothing and he has half the profit.

"The only downside is it's only worth four million pound now and I've done like six million you know, my house is up against it but that's where I'm at, that's how useless I am with things, and you can check with my solicitor if you like.

"I'll give you my solicitor's name, you ask him if he's ever come across anyone as bad businesswise as I am.

"Unfortunately I live my life like that."

Redknapp claimed he wrote the Monaco account at the heart of a £189,000 bung allegation "completely out of my life".

Redknapp also told officers: "I have brought up a fantastic family."

He said: "To try and nick a few quid off the income tax... why? I am not into that. I don't need that. I would rather give you a hundred grand than nick a few quid off you.

"That's how I live. I have got a golf day tomorrow... I give 15,000 tomorrow to Leukaemia Busters."

The soccer boss added: "We are givers, not takers."

In an interview recording of City of London police interviews, Redknapp said Mr Smith had asked him over the phone for the Oxford United cash.

Mr Smith is said to have told Redknapp "some mega-rich young boy" - Nick Merry, who used to play for Oxford - had come over and was "about to buy the club".

But he only had 48 hours to complete the deal and could not get the £250,000 he needed in time so Mr Smith asked Redknapp if he could lend him the money.

Redknapp said: "I said, 'Jim, what's it got to do with me?'. He said, 'Harry... it'll help me, I'm the manager. If he buys it I've got a job still'.

"I lend him £250,000, I ring up the bank and said, 'Look, I said, Jim's said you've got the money in five days, Harry. You've got my word' - that's 20 months ago and the guy didn't buy the club and that's that's how I am.

"I can tell you 10 stories like that."

Both Redknapp, 64, of Poole, Dorset, and Milan Mandaric, from Oadby, Leicestershire, deny two counts of cheating the public revenue when Redknapp was manager of Portsmouth Football Club.

The first charge of cheating the public revenue alleges that between April 1 2002 and November 28 2007 Mandaric paid 145,000 US dollars (£93,100) into the account.

The second charge for the same offence relates to a sum of 150,000 US dollars (£96,300) allegedly paid between May 1 2004 and November 28 2007.

Jurors were sent home to return on Monday, when they will hear final prosecution submissions before Mandaric's barrister Lord Ken Macdonald QC opens the defence.

PA

PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
Caption competition
Caption competition
Latest stories from i100
Have you tried new the Independent Digital Edition apps?

Bleacher Report

Daily Quiz
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

Day In a Page

Save the tiger: The animals bred for bones on China’s tiger farms

The animals bred for bones on China’s tiger farms

The big cats kept in captivity to perform for paying audiences and then, when dead, their bodies used to fortify wine
A former custard factory, a Midlands bog and a Leeds cemetery all included in top 50 hidden spots in the UK

A former custard factory, a Midlands bog and a Leeds cemetery

Introducing the top 50 hidden spots in Britain
Ebola epidemic: Plagued by fear

Ebola epidemic: Plagued by fear

How a disease that has claimed fewer than 2,000 victims in its history has earned a place in the darkest corner of the public's imagination
Chris Pratt: From 'Parks and Recreation' to 'Guardians of the Galaxy'

From 'Parks and Recreation' to 'Guardians of the Galaxy'

He was homeless in Hawaii when he got his big break. Now the comic actor Chris Pratt is Hollywood's new favourite action star
How live cinema screenings can boost arts audiences

How live cinema screenings can boost arts audiences

Broadcasting plays and exhibitions to cinemas is a sure-fire box office smash
Shipping container hotels: Pop-up hotels filling a niche

Pop-up hotels filling a niche

Spending the night in a shipping container doesn't sound appealing, but these mobile crash pads are popping up at the summer's biggest events
Native American headdresses are not fashion accessories

Feather dust-up

A Canadian festival has banned Native American headwear. Haven't we been here before?
Boris Johnson's war on diesel

Boris Johnson's war on diesel

11m cars here run on diesel. It's seen as a greener alternative to unleaded petrol. So why is London's mayor on a crusade against the black pump?
5 best waterproof cameras

Splash and flash: 5 best waterproof cameras

Don't let water stop you taking snaps with one of these machines that will take you from the sand to meters deep
Louis van Gaal interview: Manchester United manager discusses tactics and rebuilding after the David Moyes era

Louis van Gaal interview

Manchester United manager discusses tactics and rebuilding after the David Moyes era
Will Gore: The goodwill shown by fans towards Alastair Cook will evaporate rapidly if India win the series

Will Gore: Outside Edge

The goodwill shown by fans towards Alastair Cook will evaporate rapidly if India win the series
The children were playing in the street with toy guns. The air strikes were tragically real

The air strikes were tragically real

The children were playing in the street with toy guns
Boozy, ignorant, intolerant, but very polite – The British, as others see us

Britain as others see us

Boozy, ignorant, intolerant, but very polite
How did our legends really begin?

How did our legends really begin?

Applying the theory of evolution to the world's many mythologies
Watch out: Lambrusco is back on the menu

Lambrusco is back on the menu

Naff Seventies corner-shop staple is this year's Aperol Spritz