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Redknapp held in football inquiry Five arrested in football inquiry
(40 minutes later)
Five men have been arrested in connection with alleged corruption in football, police have said.Five men have been arrested in connection with alleged corruption in football, police have said.
Portsmouth manager Harry Redknapp and chief executive Peter Storrie are among those held on suspicion of conspiracy to defraud and false accounting. The arrests included Portsmouth manager Harry Redknapp and the club's chief executive, Peter Storrie.
Rangers player and Senegalese international Amdy Faye was arrested in Glasgow. The five men were arrested on suspicion of conspiracy to defraud and false accounting.
The arrests are part of City of London Police's on-going inquiry into alleged corruption, a spokesman said. Mr Redknapp and two others have since been released. Police said a 48-year-old and 30-year-old are still in custody.
The BBC understands the fifth man to be Scottish football agent Willie McKay.
Mr McKay oversaw Mr Faye's 2005 transfer from Portsmouth to Newcastle United for £2m.
Police refused to give details of those arrested and would only confirm they were aged 69, 60, 55, 48 and 30.Police refused to give details of those arrested and would only confirm they were aged 69, 60, 55, 48 and 30.
On-going inquiry
On his release Mr Redknapp said: "It doesn't directly concern me, it's other people."
He added: "I've been answering questions to help the police. I am not directly concerned with their enquiries."
"They have to arrest you to talk to you, for you to be in the police station. I think that's the end of it, it didn't directly concern me."
The arrests are part of City of London Police's on-going inquiry into alleged corruption, a spokesman said.
The club is fully supportive of Peter and Harry who are co-operating fully with City of London Police in this ongoing inquiry Portsmouth FC
The BBC understands another of those arrested to be Scottish football agent Willie McKay.
The men were held as officers carried out raids on 12 locations across the country. Two of those searches are still ongoing.The men were held as officers carried out raids on 12 locations across the country. Two of those searches are still ongoing.
Detectives from the economic crime unit of the City of London Police are investigating allegations of corruption within football and its impact on owners and shareholders.Detectives from the economic crime unit of the City of London Police are investigating allegations of corruption within football and its impact on owners and shareholders.
The club is fully supportive of Peter and Harry who are co-operating fully with City of London Police in this ongoing inquiry Portsmouth FC
In July, officers raided Newcastle United, Portsmouth and Rangers football clubs as part of the inquiry.In July, officers raided Newcastle United, Portsmouth and Rangers football clubs as part of the inquiry.
A spokesman for Portsmouth said on Wednesday that the club's chief executive and manager had "been asked to help police with their inquiries concerning a matter dating back to 2003".A spokesman for Portsmouth said on Wednesday that the club's chief executive and manager had "been asked to help police with their inquiries concerning a matter dating back to 2003".
Seven arrests
"This was prior to the new owner taking control of the club at the beginning of 2006," he said."This was prior to the new owner taking control of the club at the beginning of 2006," he said.
"The club is fully supportive of Peter and Harry who are co-operating fully with City of London Police in this ongoing inquiry."The club is fully supportive of Peter and Harry who are co-operating fully with City of London Police in this ongoing inquiry.
"Both are playing major roles in the continued success of Portsmouth Football Club.""Both are playing major roles in the continued success of Portsmouth Football Club."
Rangers FC have confirmed that a player has been arrested in a matter "totally unrelated" to the club. Rangers FC have confirmed that a player was arrested in a matter "totally unrelated" to the club.
"It would be inappropriate to comment further," Rangers said in a statement."It would be inappropriate to comment further," Rangers said in a statement.
Seven arrests Separate inquiry
Last year, the Premier League asked former Metropolitan Police Commissioner Lord Stevens and his company, Quest, to carry out a separate inquiry into several hundred player transfer deals.Last year, the Premier League asked former Metropolitan Police Commissioner Lord Stevens and his company, Quest, to carry out a separate inquiry into several hundred player transfer deals.
In June, Lord Stevens presented his final report, which highlighted concerns over 17 transfers and five Premier League clubs.In June, Lord Stevens presented his final report, which highlighted concerns over 17 transfers and five Premier League clubs.
City of London Police have distanced their investigation from Lord Stevens' inquiry.City of London Police have distanced their investigation from Lord Stevens' inquiry.
The latest arrests bring the total number of people detained in connection with the investigation to seven.The latest arrests bring the total number of people detained in connection with the investigation to seven.
In September, a 28-year-old man was arrested in London and in May, a 61-year-old man was arrested in Manchester on suspicion of money laundering.In September, a 28-year-old man was arrested in London and in May, a 61-year-old man was arrested in Manchester on suspicion of money laundering.