The West London club released their accounts which show their wage bill had DOUBLED to £56million in the year to May 31, 2012.
Redknapp said: “If the debts are high the chairman and the board must understand that.
“They’re not silly men, they’re successful businessmen. They know what they’re doing so I’ll leave it to them. It’s their business.
“It’s important obviously to stay up. But when you are a football manager we are not involved in that side of the business.
“I’ve said it a million times, we are not involved in players’ wages. That’s done at a different level to what we work. We work with the team and on the pitch.
“The financial side of it I don’t know. Those results were from before I came here.”