The Rakes of Mallow's Voice of the Supporters

Thursday, April 7, 2011

No More Tea Time in Tottenham

As a proud supporter of Tottenham Hotspur, I have enjoyed the massive improvement in performance over the past 2 years. Harry Redknapp took these boys from North London out of  the relegation zone and into the quarterfinals of the UEFA Champions League. That's a remarkable accomplishment for a football club that hasn't found much more than mediocrity since the formation of the Premier League in 1992.

However, this week's abhorrent display against Real Madrid suggests that Spurs may have reached their pinnacle, and a slow descent back to being the New York Mets of the EPL looks increasingly probable. Tottenham's league form hasn't been stellar recently (0-0s against West Ham and Wigan. Yikes!), and an alarming portion of the squad remains mired with injury. Additionally, many of these new superstars, like Gareth Bale and Luka Modric, look likely to seek transfers if Spurs fail to qualify for the Champions League next year. With Manchester City's deep squad and solid form, that grim reality draws ever nearer.

Some might wonder what Spurs can do. How could they sell Bale? Why don't they buy a star striker like Drogba? Well, in reality, while Spurs' revenues are high (6th highest in the EPL and 12th in the world LINK), the club is not swimming in pools of profit. The development of a deep squad has led the club to post a net loss over the year, and like any good owner, chairman Daniel Levy needs to ensure the financial security of the club. If selling a highly valued player like Bale brings the club

£40 million (or £80 million as old 'Arry thinks), then by all means the club should sell. It's simply common sense.

In any case, I don't really see Spurs' ship sinking to the depths of the sea. The club will be fine in spite of this Champions League disappointment. The future remains bright for Tottenham as long as wise decisions are made both on and off the pitch. This means keeping Mr. Redknapp at a far distance from the checkbook.