Harry Redknapp can kiss his chances of becoming England manager goodbye. He was arrested earlier this morning as part of several raids conducted by police and was being held on suspicion of conspiracy to defraud and false accounting.

According to The Guardian, “Attention will focus on the transfers of Faye from Auxerre to Portsmouth in 2005 and Portsmouth to Newcastle in 2006. Mandaric was the chairman at Portsmouth when Faye moved there, while McKay acted as agent for the deal. Redknapp was the Portsmouth manager when Faye was transferred to Newcastle. Faye has since signed for Charlton and this summer joined Rangers on loan.”

You may remember that Redknapp was linked to bungs in the BBC Panorama episode last year. At that time, Redknapp’s feedback on his appearance on the hidden camera from Panorama was “I spoke to this bloke for about five minutes, if that. He told me he had some world-class players to bring to England and I said ‘Good luck to you’…We chatted while all the Portsmouth apprentices sat around and that was about it.”

The plot thickens.