- Aug 9, 2017
- 5,225
- 7,811
We could always go back to the sorry saga shown below, we did win an FA Cup but nearly went bankrupt in th 90's, may not have had great success under ENIC but the finances are under better control.
"By the early 1990s, however, Scholar's Tottenham faced financial troubles due to investment in new players, the construction of a new stand at the club's White Hart Lane ground, and losses in the companies he had created with Tottenham.[4][16][17] Scholar looked to Robert Maxwell to help bail the club out. Maxwell agreed to support a rights issue he soon backed out and instead loaned £1.1 million to the club, with the proviso that the deal be kept secret.[4] When news of the deal came out, Tottenham were left in turmoil and a struggle for power broke out between Scholar and Bobroff. Scholar eventually prevailed and Bobroff was forced to resign. Terry Venables then sought a number of backers in his attempts to buy the club, eventually teaming up with Alan Sugar. Scholar finally sold his shares in the club for £2 million and left in the summer of 1991, a couple of months after the club won the FA Cup for the eighth time. Scholar spoke a couple of weeks later to writer Alex Fynn and predicted that the Sugar-Venables marriage would last a short time, stating "The first year will be the honeymoon, the second will be the divorce". Venables was thrown out of Spurs exactly two years later, in the summer of 1993, contributing to a highly public slanging match and bringing a court case against Sugar, which he lost. Scholar published a book about his time at White Hart Lane, Behind Closed Doors, in 1992 with Mihir Bose as his co-author.[4]"
"By the early 1990s, however, Scholar's Tottenham faced financial troubles due to investment in new players, the construction of a new stand at the club's White Hart Lane ground, and losses in the companies he had created with Tottenham.[4][16][17] Scholar looked to Robert Maxwell to help bail the club out. Maxwell agreed to support a rights issue he soon backed out and instead loaned £1.1 million to the club, with the proviso that the deal be kept secret.[4] When news of the deal came out, Tottenham were left in turmoil and a struggle for power broke out between Scholar and Bobroff. Scholar eventually prevailed and Bobroff was forced to resign. Terry Venables then sought a number of backers in his attempts to buy the club, eventually teaming up with Alan Sugar. Scholar finally sold his shares in the club for £2 million and left in the summer of 1991, a couple of months after the club won the FA Cup for the eighth time. Scholar spoke a couple of weeks later to writer Alex Fynn and predicted that the Sugar-Venables marriage would last a short time, stating "The first year will be the honeymoon, the second will be the divorce". Venables was thrown out of Spurs exactly two years later, in the summer of 1993, contributing to a highly public slanging match and bringing a court case against Sugar, which he lost. Scholar published a book about his time at White Hart Lane, Behind Closed Doors, in 1992 with Mihir Bose as his co-author.[4]"
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