Jury told that when Redknapp was director of football at Portsmouth his contract entitled him to 10% of net profit on any transfers
When Redknapp moved from director of football to manager in May 2002 his profit on transfers reduced to 5%
Jury told example of Peter Crouch. Bought for £1.25 million and sold for £4.5 million
Prosecution say Crouch sold just 9 days after new Redknapp contract reduced his share from 10% to 5%
Prosecution say Redknapp's share of Crouch transfer was £115,473. Would have been double if contract not changed
Prosecution allege that Redknapp instead received secret payment from Mandaric and in April 2002 Redknapp flew to Monaco to open account