Alan Sugar/Terry Venables to the rescue
Spurs had won the F.A.Cup in May but Paul Gascoigne had been injured and the uncertainty about the Club’s future lingered on week after week with conflicting reports about what was going to happen and whether Tottenham Hotspur would even be in existence come the start of the new season.
The mounting debts at the Club were the major problem but finally the £7.25 million takeover of the Club by Alan Sugar and Terry Venables was completed. Sugar became non-executive Chairman and Venables became non-executive Managing Director.
Tottenham Hotspur had been saved from extinction.