Tottenham boss Harry Redknapp and Sheffield Wednesday owner Milan Mandaric have been cleared of all charges of tax evasion at their trial in Southwark Crown Court. Redknapp and Mandaric hugged each other in court after the not guilty verdicts were announced.

The jury finally reached their verdicts after Judge Anthony Leonard had sent them home last night after almost four hours of deliberating.

The first charge alleged that between April 1, 2002, and November 28, 2007, Mandaric paid £93,300 into a bank account held by Redknapp in Monaco, to avoid paying income tax and national insurance.

The second charge for the same offence related to a sum of £96,500 allegedly paid by Mandaric to the same account between May 1, 2004, and November 28, 2007.