TEAMtalk guest Rich Kitto feels Daniel Levy and Harry Redknapp are at a crossroads and have some big decisions to make in the coming weeks.
'The man who goes farthest is generally the one who is willing to do and dare.' Dale Carnegie, American writer
As the whole of England celebrated the team reaching the quarter-finals of the Euros, one man and his dog must have been left thinking 'if only'...
Due to European Championship fever sweeping the nation over the last few weeks, the managerial merry-go-round in the Premier League has been swept further under the rug than Rio Ferdinand.
Under any other circumstances the appointment of Brendan Rodgers at Liverpool, a two-year deal for the inexperienced Roberto Di Matteo at Chelsea, and the dismissal of Harry Redknapp at Spurs would be the major talking points of the summer for good reason.
Oh how the latter must regret the way he has managed his personal career over the last few months.
Seen by so much of the media, nation and players as the man to lead England into this year's Euros and then potentially onwards, it appeared Redknapp was stuck between a decision to stick with Spurs with the ambition of guiding them to a top-three finish, or twist with England.
In the end his failing to show any hand at all has left him - and his former North London team - with nothing.
Despite various suggestions, the 'real' reasons for his departure are still clouded with mystery. Some say that he demanded a bumper contract to take him past his 69th birthday which the straight-talking Daniel Levy bluntly refused; others suggest that the manner in which he courted the England job was disrespectful and led to the collapse of Spurs' season. Ultimately it's likely to be a combination of the both.
Redknapp was very foolish in the manner in which he went about things but I feel he has been extremely unlucky to find himself in the situation in which he now resides.
Not many people could say with honest eyes that they wouldn't have been tempted by the prospect of managing their country - especially with the ludicrous amount of money thrown at them for doing so - and although his Spurs side did slide at the business end of the campaign, they were for a long time considered genuine title contenders.
Were it not for destiny's child, and Didier Drogba in particular, guiding Chelsea to Champions League victory in Munich then the season could still have been deemed a success. Especially in this day and age, as finishing fourth would generally be worthy of celebration.
So again, Mr Redknapp finds himself in a stick or twist position. Either he waits for one of the big jobs in England to arise - which could be years, and time is against him - or he takes a big hurrah overseas where I imagine his no-nonsense British attitude would be more suited for somewhere like China than Cataluna. His final option is to sack it all off and follow his son into the world of football punditry, but that must surely be a last resort for a man still considered by many as the best English manager in the game.
Similarly, the team he left behind has some major decisions to make this summer.
I've never been a fan of sacking a manager without having a replacement lined up. It can lead to desperation if the key targets can't be secured, and as a result forces a short-term appointment that can have a detrimental effect on the club. See Steve Kean, Terry Connor, Alex McLeish and Kenny Dalglish as recent examples.
So who does Levy turn to in order to realise his ambition of turning Spurs from title pretenders to title contenders?
David Moyes was the initial favourite (as is generally the case when a 'big four' job arises) as the media continue the assumption that he must be fed up juggling dust over at Goodison. But it appears no approach has been made thus far, and there are murmurs that the Tottenham faithful would not necessarily be pleased with his approach to the beautiful game.
The most recent suggestions are Andre Villas-Boas and Laurent Blanc, and initial talks were said to have undergone with the latter.
Having achieved league and cup success for the first time in 10 years with Bordeaux in 2008/09 and then revitalised the French national team through a 23-match unbeaten run (ended by Sweden), the appointment of the surly Frenchman would appear to be the best option of a small pot that also contains Roberto Martinez.
What is for certain is that whoever is ultimately placed in charge will have a heavy task in front of him to keep his best players, work on a supposedly limited transfer budget, and reach Levy's high - perhaps unrealistic - league expectations.
After the summer saga surrounding Luka Modric and Chelsea last year, Spurs will be extremely lucky to keep their magical playmaker again without offering the attraction of Champions League football.
It could be said that the Croatian has been playing with a 'Buy Me' sign around his neck at the Euros as his consistently superb performances have made him one of the stars of the tournament.
It's no surprise Real Madrid are apparently keen. There are also similar concerns and issues surrounding Gareth Bale, especially after his agent recently confirmed that the lack of Champions League football is 'a problem'.
But whilst some may criticise Levy for disregarding Redknapp so ruthlessly, it must be said that he would walk over hot coal to keep his players from going for anything else than what he values them at.
So much like his former employee, he could find himself in a situation this summer whereby he has to either stick with his principles and retain his players at any cost, or twist and provide his new manager with the funds to bring in his own talent.
Spurs fans will be hoping that his decision making is far better than Harry's.