Very generous interpretation, I'd argue it's a risk/reward conversation
- Non 0% chance we get sucked into relegation battle
- Cost of every spot lower on table (IIRC it's was something like 1.5M/place?)
- Cost of missing out on European football (at start of Jan we were close enough)
- Cost of lost revenue (unsold seats, less food/drink, people don't stay back when we lose)
- Cost of reputation impact (for sponsors, for future players/managers, loss of perception of Spurs as top 6 club)
Having been in board meetings/proposals, I'd say it would be a very easy case to make to spend 100M in early January to mitigate the above, even if relatively little of that 100M was recoverable in future (i.e. maybe not long term players or players able to be sold on without a loss)
I can tell you my interpretation (from the outside, and yes, 100% speculation), you have a split leadership group
- 1 or 2 stuck their neck out for Frank's hiring (the 30 categories flimflam), and are reluctant to pull trigger because it reflects on them (which makes them even worse executives, good executives can admit something didn't work, take responsibility and correct)
- You have some who are against Frank
- Either the second group don't have enough power or there is a lack of understanding of who final decision lies with (GHod help us)
- And/or, second group think he's a dead man and summer is the decision point and they are not smart enough (see first section) to do the math, evaluate the risk position to push for change now.
- Push for change is probably affected by lack of succession planning, or, we have already made up our mind who the replacement is (3 guesses, it's not very original)
- and in all of that, none of know if these owners really are going to spend or they are all quietly whoring the club out for sale (again, fundamental misunderstanding that selling a club in European spots will be easier than one in 17th for 2 seasons in a row)