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New cryptocurrency finds unlikely fan in Harry Redknapp

Jill Treanor and Sean Farrell
Harry Redknapp once said he could not work a computer and did not know what an email was. Photograph: Chris Radburn/PA

Warnings about bitcoins and other cryptocurrencies are coming from all directions. The City watchdog has said the bitcoin industry is unregulated and investors could be wiped out. Jamie Dimon, the chief executive of JP Morgan, has called them a fraud and said the entire bitcoin system will blow up. Even Vladimir Putin, Russia’s president, has said cryptocurrencies are risky and used by criminals.

But the former West Ham United, Portsmouth, Tottenham Hotspur and Birmingham City manager Harry Redknapp tweeted on Thursday to say he was “proper excited” about Electroneum, a new crypocurrency being launched in the UK. “I’m in. Get involved,” he urged his 213,000 followers in his first tweet since August.

Redknapp, 70, joined Twitter in 2015 and usually uses it to comment on football matters, promote his book and publicise his work with the online gaming company Betsafe.

In his defence at his trial for tax evasion in 2012, when he was acquitted, Redknapp said he was a terrible businessman and “a bit of a gambler” whose lack of investment nous had nearly “wiped out” his son Jamie. When it came to technology, he said he could not work a computer, did not know what an email was and had never sent a text message.

Richard Ells, the founder of Electroneum, which is attempting to raise up to $40m (£30m), said the one-time favourite for the England football manager’s job was not working for the company.