SHEFFIELD Wednesday chairman Milan Mandaric gave two untaxed ‘offshore bonuses’ totalling over £189,000 to former employee Harry Redknapp, a jury heard today.
Business tycoon Mandaric, aged 73, and co-accused Redknapp appeared behind bullet-proof glass at the start of a trial at Southwark Crown Court.
Both deny two counts of cheating the public revenue when Mandaric was chairman at Portsmouth FC and spells when Redknapp was manager at the same club.
John Black QC opened the case by telling jurors ‘both parties must have known’ they were avoiding taxes.
He said: “These payments were a bung or offshore bonus that the parties had absolutely no intention of paying taxes for.”
Redknapp, aged 64, now manager at Tottenham Hotspur, read notes as Mr Black outlined how the manager received player transfer bonuses under a clause in his contract.
The trial is listed for two weeks.
See tomorrow’s Star for more on this story.