with nicholson still at the helm spurs went on to win a couple more league cups as well as the uefa cup in NUMBER_TOKEN these truly were the golden years in the history of the tottenham and it didn't even end there even though they suffered a slump when nicholson steps down in NUMBER_TOKEN despite being relegated and promoted once more they still managed back-to-back fa cup trophies in NUMBER_TOKEN and NUMBER_TOKEN as well as another uefa cup in NUMBER_TOKEN. sounds good right well you shouldn't be surprised to hear that this period was not without its drama spurs didn't win another trophy throughout the NUMBER_TOKENs but were more or less a mid-table side and were doing decently for the most part however in the boardroom things were a bit frantic in the early NUMBER_TOKENs spurs fell into some serious debt due to refurbishments required by the stadium and bolstering the team seeing a moment of opportunity lifelong spurs fan and property developer irving scholar led a takeover of the club in NUMBER_TOKEN. in an attempt to maximize the profits of the club the team became the first football club from the united kingdom to be placed on the london stock exchange further business diversification attempts from the club included sportswear a woman's fashion line a travel agency and even boxing promotion now this may sound outlandish because it is however it's important to note that at the time few english teams were applying commercial principles to the running of their club running it as a business so to speak this as well as the endeavors of a few other clubs conducting similar initiatives served as a bit of a case study one that ultimately paved the way to the widespread commercialization of the english game today in any case after a rough period that saw spurs fall into even more debt reportedly NUMBER_TOKEN million pounds by NUMBER_TOKEN the team was in a bit of a pinch regardless in the middle of all of this going on a spur side managed by terry venables and led by paul gascoigne and gary lineker won the fa cup a victory made all the more sweeter thanks to this incredible gas coin free kick against arsenal in the semi-finals as the years went by after being taken over once more by a former spurs player and manager terry venables this guy that won the fa cup remember him from from a few seconds ago and businessman alan sugar spurs began to see better days from a financial perspective at least initially sugar invested heavily in the club helping pay off their debt although despite the fact that sugar and venables went into spurs as equal partners sugar slowly gained more and more of a stake in the club before eventually having full control by late NUMBER_TOKEN. he then used that power to dismiss venables in NUMBER_TOKEN. it's pretty cutthroat stuff this whole episode was quite wild and convoluted and i've left out so much of what's been reported to have been happening at spurs in this time period to paint a simplified picture okay we're going to take a bit of a perception break here we've been through quite a bit of information in this video thus far back by popular demand here's a picture of a puppy just the goodest of boys isn't he okay break over back to spurs alan sugar who was once heralded as the club
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