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Arsenal legend Kanu revealed he had written off £3million from crisis club ­Portsmouth after announcing his retirement.

Nigerian international Kanu launched a legal case against Pompey following leaving Fratton Park after a six year stint in 2012.

The striker, who scored the winner in the club’s 2008 FA Cup final win over Cardiff, said: “I can now reveal the story that has been around since I left Portsmouth. I did not ask the club for millions of pounds, I dropped the whole matter of wage money because I know the club was in big problems.

“The reason I have not returned is because I feel it is time for me to hang my boots up as a player. I will be coaching and promoting my foundation through football.

“The thing that makes me the most mad is that the media have got the story completely wrong. Life goes on and forgiveness is number one for me.

“I just enjoy life and hope the best for my former team.”