"I think that's the impression some want to give but it's highly offensive to the club, Harry Redknapp and the wonderful supporters" Mandaric stated.
"We have signed twelve quality players this season alone on top of the side that won the First Division championship and we are round the middle of the table in the Premier League with regard to expenditure this season. Paying transfer fees is just the beginning, after which follow the levy, agent fees and the wages to follow.
"There is no such thing as a free transfer because there are usually large agent fees that are part of that move,"