Terry Venables, the ex-Tottenham, Barcelona, Leeds and England manager, has been involved in emergency talks at White Hart Lane this morning with the Spurs chairman Daniel Levy, with a view to taking charge of the beleaguered north London club.
Current manager Juande Ramos has come under fire from fans who are calling for the Spaniard's head, after the team has taken just 2 points from a possible 21. Venables is an old hand at 'bailing clubs out', and was recently offered the job at Newcastle before turning it down.
The siege mentality that has descended on Spurs since yesterday's defeat to Hull City has prompted Levy to act swiftly, as he did when previous manager, Martin Jol, had a bad run of results.
Never one to look at himself for the blame, Levy interviewed Ramos for the manager's job even before he had chopped the Dutchman. Now, the same seems to be happening all over again.
Venables, who has also managed Crystal Palace, QPR, Australia and Middlesbrough, previously led Spurs between 1987 and 1991, when he became chief executive of the club. He was later fired by then-chairman Sir Alan Sugar who told him:
Now though, with Spurs in such a dire situation, both on and off the field of play, Levy is thought to be ready to offer Venables a lucrative contract to save the club from relegation to the Championship, and almost-certain bankruptcy.