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Tottenham manager Harry Redknapp alleged to have 'avoided tax on bungs', according to prosecution at court hearing
It has been claimed the former Portsmouth manager was paid 'offshore bonuses' by ex-chairman Milan Mandaric which he had no intention of declaring for tax purposes
23 Jan 2012 18:00:00
By Joe Doyle
Tottenham manager Harry Redknapp is being prosecuted for tax evasion after allegedly receiving $295,000 (£189,000) in an offshore bank account with the intention of side-stepping British laws.
According to the prosecution, Redknapp was paid the "bungs or offshore bonuses" by the former Portsmouth chairman Milan Mandaric while he was manager and director of football at the South-coast club.
Both defendants deny two accounts of cheating the public revenue. The first claims that between 1 April 2002 and 28 November 2007 Redknapp was paid $145,000 (£93,000) into a bank account in Monaco by Mandaric, a strategy that would see the former West Ham boss avoid paying income tax and National Insurance.
The second charge is regarding a sum of $150,000 (£96,000) that was apparently paid to the very same account by Mandaric between 1 May 2004 and 28 November 2007.
John Black QC claimed "both parties must have known" they were avoiding taxes as the prosecution opened presented their case at Southwark Crown Court
"These payments were a bung or offshore bonus that the parties had absolutely no intention of paying taxes for," he said.
Jurors were then told when Redknapp was director of football at Portsmouth he was entitled to 10% of net profit from transfers, and when he became manager this was reduced to 5%.
Redknapp was said to have been given £115,473 when Peter Crouch was sold for £4.5 million and that would have been twice as much had he still been the director of football as well as manager.
The prosecution claim that Redknapp instead received a secret untaxed payment from Mandaric.
The court and jury were also given the details of an off-shore bank by the name of 'Rosie 47', a name that could quite easily be perceived as a combination of the name of his dog and the year of his birth.
The trial is still ongoing and is set to last for two weeks, with Redknapp required to be at the court 45 minutes before the case starts and remain at the court for 45 minutes after it is finished to reduced the possibility of him coming into contact with any of the jury.
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According to the prosecution, Redknapp was paid the "bungs or offshore bonuses" by the former Portsmouth chairman Milan Mandaric while he was manager and director of football at the South-coast club.
Both defendants deny two accounts of cheating the public revenue. The first claims that between 1 April 2002 and 28 November 2007 Redknapp was paid $145,000 (£93,000) into a bank account in Monaco by Mandaric, a strategy that would see the former West Ham boss avoid paying income tax and National Insurance.
The second charge is regarding a sum of $150,000 (£96,000) that was apparently paid to the very same account by Mandaric between 1 May 2004 and 28 November 2007.
John Black QC claimed "both parties must have known" they were avoiding taxes as the prosecution opened presented their case at Southwark Crown Court
"These payments were a bung or offshore bonus that the parties had absolutely no intention of paying taxes for," he said.
Jurors were then told when Redknapp was director of football at Portsmouth he was entitled to 10% of net profit from transfers, and when he became manager this was reduced to 5%.
Redknapp was said to have been given £115,473 when Peter Crouch was sold for £4.5 million and that would have been twice as much had he still been the director of football as well as manager.
The prosecution claim that Redknapp instead received a secret untaxed payment from Mandaric.
The court and jury were also given the details of an off-shore bank by the name of 'Rosie 47', a name that could quite easily be perceived as a combination of the name of his dog and the year of his birth.
The trial is still ongoing and is set to last for two weeks, with Redknapp required to be at the court 45 minutes before the case starts and remain at the court for 45 minutes after it is finished to reduced the possibility of him coming into contact with any of the jury.
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| Open an account with Sportingbet today and get up to £50 in free bets! |
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| Sign up with William Hill for a free bet up to £25 |
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| Sign up with bet365 for a free bet up to £200 |
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