Levy is doing it right, cautious growth



Another excellent day on Sunday. Starting from a bank of £10, it stood at £25 after 2 weekends. On Saturday, that increased to £45 and Sunday increased it to £63. losing bets as well as winning bets in there and again yesterday.

Now I could lump all my eggs in a basket to increase the betting bank quicker, but that is gambling, much in the same way that the anti-levy anti-ENIC knot want the future of the club to be gambled away. They don't seem to have grasped that success is not guaranteed, they make assumptions that had we bought here or there then we would be in the UEFA Champions League and with a greater income.

The other side of the coin is that if we hadn't made the Champions League at those points, and remember not all purchases succeed or succeed immediately, some have a detrimental effect on a team and lose them points, then we can't afford the wages of the players we have bought.

The club would have then been in a downward spiral and we would have to sell players to balance the books or live on debt, debt which would mean we are less creditworthy and less able to afford the stadium. Our interest rates would be higher and the stadium would cost us more.

With every scenario there are two sides and both must be looked at to determine the best course of action that doesn't put the club's future in jeopardy. Gambling with our future was and is, not an option. Just as I try to build a betting bank with caution so the club must build with caution.

We have come from mid-table and broke, now we are the sixth richest club in the country, Newcastle United are the seventh, where are they? We have built with caution, we have had managers to fulfill roles and when things change so do managers. Some have been a mistake with hindsight just as some bets lose. You simply move on.

It was thought Martin Jol could take us no further and whether he could or not it would have had to be done on the same budget, not spending more on players. That would mean getting more out of what we had and bringing players through, was the youth system bringing players through?

Harry Redknapp was a now manager, there was little being built for tomorrow. Essentially he is a firefighting manager, he used old players like Gallas, Saha to do short term jobs and then replaces them with more short-term players. That is not sustainable. Fine while it is working and while that manager is with the club, but managers tend not to stay at clubs. Looking forward what would have happened when Harry Redknapp had left?

The club would need to be rebuilt, as would the team. Nobody knows when that would have been, but it can't be for at least a couple of years before the stadium is built and probably for at least five tears after too. That is a long time.

The club has to have been structured so it doesn't have to rely on money to maintain a stable challenge for the top four places. That is clearly underway under Pochettino and makes the viability of building the stadium that much easier. The two are linked, like it or not, just as winning trophies and income are linked.

Managers at clubs who have money do not want to manage clubs who do not have money so Spurs is not an option for them, Louis van Gaal showed us that when he waited for a club with more money, Manchester United. Even Frank de Boer has only won trophies at the richest club in his country, he has won nothing with the sixth richest club in Holland. The argument suggesting he has won things and Pochettino hasn't (he hasn't been at a club where he has had a chance of winning anything) is flawed when looked at in those terms.

I wanted Frank de Boer myself, but we have Mauricio Pochettino and I'm right behind him as all supporters are, the followers should be too.

The most important aspect of trying to build a betting bank is the same as building a club, patience. You have to have a strategy where you try as best you can to put the odds in your favour. You try to build over time. Having the bottle not to go for the big one, the quick fix isn't easy, you have to fight against it every day.

We weakened when the Bale money came along and did go for that quick fix, it failed and set us back again. We have had to recover from that and get back on track, back on building gradually mode. The stadium, the NFL deal, the team being build, the youth conveyor belt do that.

It may be frustrating for some, but cautious growth is the sensible method of building the club. It is pretty pointless shouting for change when you have no idea what you want it changed too. Who exactly have these people lined up to buy the club, what guarantee are these people offering that the type of owner who buys the club is the type of owner they want?

What happens if a Randy Lerner or Mike Ashley buys the club, most clubs are not owner by Sugar Daddies, but by people who use the clubs money. We happen to have the best of the bunch. We are top of the tree of the rest and we are still growing. Simply shouting for change for changes sake is hardly a formula for success.

It takes bottle to build something on solid foundations, Pochettino has only just started to build after the assessment and sales period. He has built the club foundations while we build the foundations of the stand. Next is a period where that settles before growth.

Further Tottenham Reading
Spurs stadium-led regeneration
Spurs should be measured against Spurs, not others
Money mercenaries to a side that plays for the shirt