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Business - Leadership
Redknapp and Mandaric cleared of tax evasion
08.02.2012
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Harry Redknapp, who has been cleared of tax evasion
Tottenham Hotspur manager Harry Redknapp and Milan Mandaric, owner of Sheffield Wednesday, have been cleared of evading tax on payments totalling £189,000 which were made when they were both at Premier League soccer club Portsmouth.
The men were charged with attempting to defraud Britain's Revenue and Customs by arranging to the monies to be paid to an account in Monaco owned by Redknapp in order to avoid paying British taxes.
Both Redknapp, who served as manager of Portsmouth, and Mandaric, the club's former owner, had denied the charges during the three-week trial at Southwark crown court. They said that the money was given as a gesture of friendship and had nothing to do with Redknapp's job.
Redknapp told reporters outside court he had been through a five-year-long "nightmare", adding that the case "should never have come to court".
Chris Martin, of HM Revenue and Customs, said in a statement: "We have no regrets about pursuing this case because it was vitally important that the facts were put before a jury for their consideration.
"We accept the verdict of the jury but I would like to remind those who are evading tax by using offshore tax havens that it always makes sense to come forward and talk to us before we come to talk to you."
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