Harry Redknapp told to sell before he can spend at Spurs

In the money: Spurs recently announced record pre-tax profits of £39.8million for the last six months of 2008
Simon Johnson13 April 2012

Tottenham chairman Daniel Levy is understood to have told manager Harry Redknapp he has used up his transfer budget for the year and will have to sell before he can spend in the summer.

The club recently announced record pre-tax profits of £39.8million for the last six months of 2008, but Redknapp spent £42m on Wilson Palacios, Robbie Keane, Jermain Defoe and Pascal Chimbonda during the transfer window.

According to a club insider, a nominal amount is available for minor signings, but if Redknapp wants to buy a big name he will have to sell first, with the likes of David Bentley, Darren Bent, Gareth Bale, Giovani dos Santos and Ricardo Rocha all expected to be moved on.

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