Am I right in thinking that Redknapp was getting off commission from transfers for Pompey that made a profit and that he signed quite a few players for Spurs from Pompey meaning he was indirectly paying himself?
nah it was when he was DOF then manager at pompey, doubt it still stood when he left them.
most of it relates to when harry sold crouch to villa in 2002
Harry Redknapp, the Tottenham Hotspur manager, opened an offshore bank account in Monaco to hide "bungs" totalling £189,000 when employed by Portsmouth football club, a court was told on the opening day of his trial into alleged tax evasion.Redknapp, 64, denies the charge alongside co-defendant the former Portsmouth chairman Milan Mandaric.
John Black QC, for the prosecution, told Southwark crown court, south London, that Redknapp and Mandaric, 74, "must have known" they were avoiding taxes.
"These payments were a bung or offshore bonus that the parties had absolutely no intention of paying taxes for," he said. "The crown's case is that the money transferred to that offshore Monaco account was deliberately and dishonestly paid by Mr Mandaric and was deliberately and dishonestly received by Mr Redknapp with the intention of concealing them from the UK tax authority. The prosecution alleges both these defendants are guilty of cheating the public revenue."
The case, which is scheduled to run for two weeks, could have an effect on the England football team as Redknapp is widely viewed as the favourite to replace Fabio Capello as manager following the European Championships this summer.
The charges relate to the transfer of Peter Crouch from Portsmouth to Aston Villa on 27 March 2002 for £4.5m and the transfer bonus Redknapp received from the club for the sale under the terms of his contract.
Crouch had been bought from Queens Park Rangers in 2001 for £1.25m but stayed at Portsmouth for nine months before being sold a few days after Redknapp had changed jobs from director of football at Portsmouth to manager. Redknapp had a "number of contractual bonuses" including a "transfer bonus" based on "net increase" of a player's valuation, Black said.
Redknapp joined Portsmouth as director of football in summer 2001 when, it was alleged, his contract allowed him to receive 10% of the net profit from the sale of any player on from Portsmouth. These terms changed to 5% when he became the manager of the club on 18 March.
At the time of the sale of Crouch to Villa, the crown alleged that Redknapp's player transfer bonus would be 5% of the sales, or £115,473.
Black said it "doesn't take a mathematician to see" a greater bonus would have been due to Redknapp if the transfer had occurred under the 10% terms.
A bespectacled Redknapp sat alongside Mandaric for most of the proceedings in the glass-walled dock of court six, occasionally reading from notes as Black outlined in full the two charges against him and his co-defendant.
Redknapp was supported in court by executives from Tottenham, his son Jamie, a former Liverpool and Spurs player, and by Richard Bevan, chief executive of the League Managers Association.
The first charge alleges that between 1 April 2002 and 28 November 2007 Mandaric paid $145,000 (£93,100) into an account in Monaco named "Rosie47" to avoid paying tax and national insurance. The account's name is alleged to refer to that of Redknapp's dog and the year of his birth.
The second count alleged that $150,00 was paid by Mandaric into the same account between 1 May 2004 and 28 November 2007.
After Redknapp had asked for £100,000 to be moved to the accounts of First Star International Limited, a company set up by Mandaric in California in 1998 and based in Miami, he later closed the Rosie47 account in February 2008, the crown stated. Redknapp requested that all monies in that account the be transferred to his London HSBC account.
The court heard how Redknapp flew to Monaco in April 2002 to open the account, also with HSBC. Black said: "He flew to Monaco for the specific purpose of setting up a secret account, into which the off-the-record payments could be received."
It was four years before the account became known to the police and tax authorities. Previously, Redknapp had never mentioned the Monaco account when he was investigated by HM Revenue and Customs over his transfer dealings at West Ham – an investigation that included the sale of the former England captain Rio Ferdinand to Leeds United for £18m on 22 November 2000.
That investigation, between January 2004 and October 2006, "was originally prompted by concerns over a £300,000 payment ... regarding profit made in a player transfer, namely Rio Ferdinand," Black said.
The Rosie47 account was only revealed during an inquiry into illicit payments in football, led by the former Metropolitan police commissioner Lord Stevens. The results of the investigation were handed to the Premier League chief executive, Richard Scudamore, in July 2007 after Redknapp had been interviewed the previous November as part of the investigation.
"That was the first time anyone heard of a Monaco bank account. It's significant ... that the bank account opened by Mr Redknapp was located in an offshore tax haven. The crown suggests this was quite deliberate and was intended to obscure and to render less transparent the nature of the money payments," Black said.
Black added that Redknapp wanted payments promptly transferred in to the "tax haven".
"The crown say that Redknapp did not wait long before taking steps to ensure that he would receive what he regarded as his due off the record payment."
At the start of the proceedings Judge Anthony Leonard informed jurors to "leave prejudice or favour behind" as a panel of eight men and four women were sworn in. "The defendants are two well-known personalities within the world of football."
Leonard said that football can "almost overwhelms other aspects in life" when ordering jurors to focus only on the charges before them. "It can prejudice if you hold such allegiances or prejudices towards clubs that the defendants were or are presently involved with."
Jurors were also told to inform the judge if they had listened to an episode of TalkSport radio on 17 November last year. "This case will attract publicity," he added. "My advice is that you must not read or listen to these reports."
Redknapp managed Portsmouth between 2002 and 2004, and returned to Fratton Park in 2005 after a brief spell at Southampton before moving to Tottenham in 2008. This season, Spurs are challenging to win a first league championship for the first time since 1961, currently standing eight points behind Manchester City, the leaders. The case continues.
Instead of signing players our manager is trying to avoid prison lol
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5
Instead of signing players our manager is trying to avoid prison lol
:rofl
asInstead of signing players our manager is trying to avoid prison lol
s
as
'as'asd]p=pd
tearsss
Explaining that the payments surrounded profit made on the sale of Peter Crouch from Portsmouth to Aston Villa, Redknapp added: "If it was something dodgy I would have gone over there and brought it back in a briefcase."
Our 'Arry>>>>>>>
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I aint following the case, but it would seem to me anyway that basically Harry's name is surrounded in suspect, and the people that looked into it sw way too much suspect behaviour, so they did what they do to all dodgy criminals, can't catch the act so we'll get him on tax evasion. However Redknapp bussing case.
You'll be able to write a book's worth of gems from this man once this trial is done. 'Poor old Rosie. She's dead now', 'I'll sue the bollocks off you' and 'It's a f*ck*ng sick word' will almost certainly feature.
There's very real possibility Spurs could start next season without Redknapp as manager.
That was always happening, if he found not guilty, he's the next England manager... This aint Football Manager.
And found guilty, have a guess
Harry Redknapp threatened to 'sue the b*******' off a journalist as the football boss and his former employer gave conflicting excuses for an alleged offshore tax fiddle, a court heard.The Tottenham Hotspur
boss was "feigning ignorance" about his illegal dealings for six years before his arrest, prosecutors claimed.
Redknapp
The Londoner - who is tipped to lead the England team - had earlier told News of the World reporter Rob Beasley that Mandaric "don't know what he is f****** talking about".
While Redknapp claimed payments in to the Monaco
Prosecutor John Black QC read out a string of interview transcripts on the second day of Redknapp and Mandaric's tax evasion trial.
In a 2009 telephone conversation Redknapp told Mr Beasley he had "the best accountants in England", claiming the Inland Revenue was fully aware of his dealings in Monaco.
Mr Beasley spoke to Redknapp on the eve of Tottenham taking on Manchester United
When Mr Beasley offered Mandaric's explanation that the money was an investment, the Tottenham Hotspur manager replied: "He don't know what he is f****** talking about. What is he talking about? It is a bonus."
Explaining that the payments surrounded profit made on the sale of Peter Crouch
When Mr Beasley asked him whether he had paid any tax in the UK on it, Redknapp replied: "Haven't been asked to, Rob."
Redknapp said "there ain't nothing crooked in it" as the telephone conversation went on, the court heard.
Bung
"Don't say bung," Redknapp said. "It's nothing to do with a bung. It's paid by the chairman.
"How can it be a bung when the chairman of the football club paid me?"
He added: "What's a bung? It's a f****** sick word."
Redknapp told Mr Beasley that if the journalist reported in the paper that the manager was taking bungs, he would 'sue the bollocks' off him.
Mandaric told Mr Beasley two days earlier: "This is the money for my investment... a way to help Harry for the investment... we had become friends."
He added: "Rob, as I told you, it was nothing wrong. It was something I did for my friend... away from football."
Redknapp declared his Monaco account to inspectors less than two weeks before joining Spurs, the prosecution alleged.
He said later during police interviews that he thought the Monaco account set up in his dog Rosie's name was dormant and he did not know Mandaric had put any money in.
"He's probably lost it," Redknapp told officers. "I could show you people who I have lent money to in investments.
"It would blow your brains away, the money I have squandered but then I do trust people, that's the way I live my life."
Redknapp was said to have told a detective: "I said to him many, many times 'Milan, I don't want to end up with a tax bill'.
"I was told I wasn't liable for income tax on so many occasions."
Questioned
Redknapp added: "For the sake of that amount of money or any amount of money, I don't fiddle.
"I pay my tax since I have been in football my entire life. I pay every penny."
But prosecutors claim he only mentioned the Monaco account after he was questioned during the Premier League-led Quest investigation in 2006.
Mr Black said: "The existence of the bank account was not registered to Revenue and Customs for a period of six years, two months... after Mr Redknapp was first arrested and questioned in the course of this investigation."
Referring to the Quest inquiry, Mr Black added: "It's clear that it was only at this time that Mr Redknapp brought to the attention the existence of the Monaco bank account, feigning almost total ignorance of its existence, its operation and its contents."
Both Redknapp and Mandaric deny two counts of cheating the public revenue when he 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.
Redknapp, 64, who underwent minor heart surgery last year to unblock his arteries, is the most successful English manager in the modern game, having led Portsmouth to FA Cup success and Spurs to last season's UEFA Champions League
Serbian Mandaric, 73, is now chairman of Sheffield Wednesday,
The trial at Southwark Crown Court was adjourned until tomorrow when the Crown's opening continues.
You see usually in court trials, any member of the public can sit in the gallery right. Would I be able to go in? Or not because he is famous? :s I would roll up in my arsenal top southwark aint far frm me lol
Was thing exact same thing
Yeah, you can go. Don't dress like a mug though.
I imagine due to interest there'll be very few seats available as the press will get there really early.
From what I've heard its all ticketed
TAX EVASION TRIAL: BBC Sports news correspondent James Pearce on Twitter: "During taped conversation reporter told Mandaric that he'd acted honourably. At that stage in dock Redknapp nudged Mandaric and smiled."
R "inland revenue fully aware.. If was something dodgy I'd have gone there, got the money + f***ing brought it back in f***ing briefcase"Redknapp "Do I need 30 f***ing grand avoid 30 grand income tax? Do I need that Rob? I mean 30 f***ing grand! I'll f***ing give you 30 grand"
Redknapp "Do me a favour. I tried to nick thirty grand to save on income tax by having the money paid offshore. What a load of bollocks"
'Arry!
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lol at levy letting harry near any money.
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Flojo
Am I right in thinking that Redknapp was getting off commission from transfers for Pompey that made a profit and that he signed quite a few players for Spurs from Pompey meaning he was indirectly paying himself?
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anelka
Harry >>>
I love this guy more than Warnock, great character and great manager
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