Portsmouth face likely extinction unless high earners like Kanu and Tal Ben Haim agree to leave the club and receive a lower compensation than the claim for £3 million in pay which the Nigerian has lodged at the club. Ben Haim is also owed a similar amount.
"I will be ringing Kanu today to see if there is anything I can do," Redknapp said to ESPN.
"I signed him for Portsmouth on a one-year contract and Tony Adams told me: 'You must be mad, he is finished'. Six years later, he is still there.
"Portsmouth has got to be saved. It's a great club with great traditions. It would be a disaster if this club went out of business.
"It is soul-destroying to see them in this predicament, and there must be a group of people out there or someone who could take over the club so cheaply and save them.
"I would love to see someone do that. Surely it cannot happen that Portsmouth go out of business.
"I remember when Milan [Mandaric] came in and bought the club all those years ago, they were looking to lock the gates then and go into administration - but he turned it all around and made it work.
"When he sold the club, it spiralled out of control," Redknapp added.
Your comments on this story...
Oh Yes! That's the KING right there! The most decorated and the greatest achieving mega-star on the continent of Africa. He must be given all he is worth; and not even a cent should be owed him. That's how business is conducted in the capitalist world. And, fortunately, Britain belongs to that world I am talking about. So, there should be no distinction here simply because an African is involved. All hail the KING KANU !!
"Knowledge is like Onyx. One digs deep to have it."
Forget the cocky British and their senile ways.Can any club owe Beckham and be giving stories of insolvency/bankruptcy bla bla? or Terry,or Rooney or Totti?? In capitalism(which i subscribe to) every thing is for sale and every service rendered in a term of contract must be paid for in full.