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Tottenham’s Redknapp says overpaid his taxes

February 01, 2012

Tottenham Hotspur’s manager Harry Redknapp reacts during their FA Cup football match against Watford at Vicarage Road in Watford on January 27, 2012. — Reuters pic
LONDON, Feb 1 — Tottenham Hotspur manager Harry Redknapp said today his accountants ensured he “paid too much tax rather than not enough” as he denied allegations he channeled payments to a secret bank account in Monaco.

“I have always paid my taxes. I’ve always gone to the best available people,” Redknapp told Southwark Crown Court as he began giving evidence in his trial for allegedly cheating the tax authorities.

“I have always paid too much tax rather than not enough,” he added, Britain’s Press Association reported.

Redknapp denies two counts of cheating the public revenue in relation to alleged payments totalling US$295,000 (RM896,800) from Milan Mandaric dating back to their time at Portsmouth.

Redknapp managed Portsmouth from 2002 to 2004 and then from 2005 to 2008 before moving to Tottenham. Serb Mandaric was his chairman and is now in the same role at Sheffield Wednesday.

Redknapp told the court his only previous charge was for speeding.

He confirmed he had received a £300,000-gift from West Ham United for the sale of Rio Ferdinand to Leeds United when he managed the club in 2000.

Redknapp, wearing a blue suit with black sweater, said West Ham told him he had done “fantastic”.

“The club was not contractually obligated to pay that money I suppose,” he said.

The prosecution alleged earlier that the multimillionaire football manager was sent bungs into his Monaco bank account because he was “greedy”.

In heated exchanges with Mandaric, prosecution lawyer John Black said the tax dodge was “all about Mr Redknapp and he was greedy and wanted more money”.

The lawyer asked Mandaric: “That’s the truth isn’t it?” Mandaric, standing in the witness box, replied: “Absolutely not true.” — Reuters