Newcastle have been told they will be wasting their time making any more bids for Harry Redknapp.

The 60-year-old manager has already rejected one approach from the Pompey's Barclays Premier League rivals.

Newcastle - thrashed 6-0 by Manchester United yesterday - are looking for a successor to Sam Allardyce and Redknapp was their first choice.

However he decided to stay at Fratton Park, where chief executive Peter Storrie says he has "a job for life".

Portsmouth, who face Sunderland today, are making rapid progress under the veteran boss.

Speaking on Radio Five Live's Sportsweek programme, Storrie said: "Harry has made it perfectly clear he has made his decision - he wants to stay at Portsmouth.

"That is the end of the matter. He has made it plain it is not about money so Newcastle can continue to offer him what they like.

"We only allowed Harry to have a conversation with them as it brought the matter to a head.

"It is a disruptive time for anyone to have done this in the middle of the transfer window.

"I can understand why Newcastle wanted him as he is one of the best managers in the Premier League.

"But Harry knows he has a job here for as long as he wants it. He can see there is the potential to go forward."