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Portsmouth have appointed Harry Redknapp as their new manager.

Redknapp returns to Fratton Park 12 months after quitting the club in acrimonious circumstances.

The 58-year-old then joined the club’s south-coast bitter south coast rivals Southampton but walked out on them last week and admitted he was hoping to return to Portsmouth.

He is now back at Pompey after the the chairmen of both clubs agreed a compensation deal for Redknapp.

Redknapp replaces Frenchman Alain Perrin who was sacked by Portsmouth last week after a poor run of form which saw the club drop into the relegation zone.

“It’s only a few days before the next match against Tottenham and I want the players to be ready, I am ready,” said Redknapp.

Redknapp’s return was confirmed after the two clubs agreed a compensation package.

“This saga had got to the stage of being an embarrassment for football as a whole,” said Southampton chairman Rupert Lowe.

“Portsmouth have produced a compensation package that is just acceptable to this club and I consider that it is in Southampton’s best interests to get on with the future rather than dwell on the past.

“I cannot comment on the quantum of the settlement as both clubs are bound by a confidentiality agreement.”

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