what a great manager that cheeky chappy cockney sparrer Redknapp is!!!!!

<div class="mxb"> <h1> Portsmouth announce loss of &pound;23m </h1> </div> <table width="203" cellspacing="0" cellpadding="0" border="0" align="right"> <tbody><tr><td> <div> </div> </td></tr> </tbody></table> <p class="first"> Portsmouth have recorded a loss of over &pound;23m for the financial year ending 31st May 2007. </p>

The club's wage bill increased to more than &pound;30m <font size="3">as the playing staff at Fratton Park almost doubled.</font> </p>

The financial period covers the 2006-7 season, which saw Pompey secure their highest finish in the Premier League as they came ninth. </p><font size="3" color="#ff0000"> A Portsmouth spokesman told BBC Radio Solent that the results were in line with the club's expectations.</font>

 

I'm no expert on club finances, but how can a club like Portsmouth afford to make a loss of £23m?!?!

 

I always thought the finances were down to the chairman

The manager highlights the players he wants to sign but it's up to the chairman whether they actually sign them or not; and it's the chairman who decides transfer fees and wages.

 

Two words. Milan Mandaric.