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Five arrested in football inquiry Redknapp held in football inquiry
(10 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.
City of London Police said the men - aged 69, 60, 55, 48 and 30 - were arrested on suspicion of conspiracy to defraud and false accounting.City of London Police said the men - aged 69, 60, 55, 48 and 30 - were arrested on suspicion of conspiracy to defraud and false accounting.
Portsmouth football club said manager Harry Redknapp and chief executive Peter Storrie were among those held.Portsmouth football club said manager Harry Redknapp and chief executive Peter Storrie were among those held.
The arrests were part of the force's ongoing investigation into corruption within the game, a spokeswoman said.The arrests were part of the force's ongoing investigation into corruption within the game, a spokeswoman said.
Two searches are still under way and 10 others have been concluded at locations across the country.Two searches are still under way and 10 others have been concluded at locations across the country.
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".
"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.
"Both are playing major roles in the continued success of Portsmouth Football Club."
Seven arrestsSeven arrests
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.