I'm not sure this counts as news. It may be true, I guess, but I'd be astonished if it is. You don't just syphon £40m off the books of a PLC without someone noticing.
I'll wager this is sensationalism at its very best.
Also, Redknapp took us down - no question about that. We weren't exactly dead and buried when he took over. In fact, I believe we weren't even in the relegation zone.