For the second time in two years the Football Association has launched an investigation into suspicious betting surrounding manager Harry Redknapp. Reports indicate that a high-profile football figure, whose name has not been revealed, staked a wager of more than £300,000 on Redknapp becoming Newcastle's manager. The wager was placed the evening of January 11, the evening on which Redknapp is said to have agreed to the deal before ultimately changing his mind the next day.
A similar probe was launched two years ago after betting on Redknapp's return from Fratton Park to Southampton generated a £16.7million market on Betfair. The main suspect in the current investigation happens to be someone who was also examined last time around. Redknapp appears to be free of suspicion.