LONDON The Bank of England allotted 1.2 billion pounds ($1.55 billion)of one-week funds in its short-term repo (STR)

Tottenham were approaching Nuno territory and part of the problem was that the last time they spent 72 days searching for a manager, they ended up with Nuno Espirito Santo, albeit not for long. As Ange Postecoglou swaps Glasgow’s East End for north London, it is the next stage in a unique journey; adding the English title to those in Australia, Japan and Scotland feels far-fetched but there has been little that is predictable about his career thus far. And yet it may give Postecoglou something two of his more toxic predecessors lacked: a sense of gratitude. Both Jose Mourinho and Antonio Conte gave the impression they thought they were doing Tottenham a favour by deigning to manage them. The most successful appointments of the Daniel Levy era, whether Martin Jol, Harry Redknapp or Mauricio Pochettino, had a more upbeat approach. Each, in his own way, inherited something of a mess – certainly, Redknapp needed few excuses to cite the two points in eight games Spurs procured before his arrival – and so does Postecoglou. He joins a club who snatched eighth place from the jaws of fourth, where only one footballer played genuinely well last season and he could leave, and where the atmosphere is shrouded in negativity. He showed an ability to unite and galvanise a fanbase at Celtic; it will be required again. His in-tray is overflowing. The most obvious element is Harry Kane’s future and even if, due to a combination of Levy’s obstinacy, the striker’s domestic situation and determination to break Alan Shearer’s Premier League goalscoring record and the opportunity to leave with less aggravation on a free transfer next summer, it is likelier the talisman stays for another year, it could mean Postecoglou faces two rebuilding jobs: one with Kane in 2023, one without him 12 months on. Meanwhile, he joins at a point when Spurs have never been more reliant on Kane. The Australian has the job of clearing up Conte’s mess. The Italian’s legacy is a dreadful one in various respects. He imposed the tactical straitjacket of the back three, yet an overly rigid team ended up with a disastrous defensive record: only Leeds and Southampton conceded more top-flight goals in 2023 and if Spurs sieved five in 21 minutes at Newcastle when Cristian Stellini’s attempt to play a back four was an unmitigated disaster, pragmatism has rarely looked less pragmatic. Postecoglou has to find a formation and a style of play that both brings more solidity and attacking quality from players not named Kane. Conte’s spending spree – which cost far more than the Italian ever seemed to acknowledge – has created problems. Conundrums abound. Richarlison was the £60m forward who got a lone league goal and did not fit into the strongest side. Yves Bissouma and Djed Spence were soon discarded. There is scope for Postecoglou to revive careers. He may also need to reinvent a Conte recruit; the specialist wing-back Pedro Porro married a capacity to score with an inability to defend. Can the Spaniard play as a full-back or, if Spurs use a back four, be converted into a winger? There is untapped potential but part of the difficulty is that Spurs’ past limits the room for manoeuvre. Postecoglou is bequeathed a bloated squad, because of both poor recruitment and a struggle to sell. The loan army will return; thus far they have represented an indictment. Conte was quick to give up on players. His successor ought to find a use for some of Sergio Reguilon, Harry Winks, Joe Rodon, Bryan Gil and Spence though, given the lack of creativity in the centre of midfield and their cost, Tanguy Ndombele and Giovani Lo Celso remain the most symbolic cases. And, if they are surplus to requirements, there is a need for a proper clearout. It reflects poorly on both his predecessors and Levy that Spurs have three senior right-backs and, arguably, five left-backs. In various departments of the squad, they have quantity where they need quality. There is also the question of the succession: Postecoglou’s reign will probably bring the end of Hugo Lloris’ time in goal, perhaps this summer. In defence, Eric Dier is coming off the back of a hideous season and with questions if he can excel as one of two centre-backs. In attack, Son Heung-min’s wretched year may be a one-off but much of the spine of this side is either over 30 or soon will be. And of the others, the excellent Rodrigo Bentancur will miss the start of Postecoglou’s tenure, when he could do with generating a feelgood factor at a club marked by a mix of apathy and anger; the Australian, meanwhile, has to find a way to stop Cristian Romero from behaving idiotically, or at least to ensure he does so less frequently. Levy claimed Postecoglou would bring back attacking football and an emphasis on youth, ideas Tottenham mislaid in recent years. But factor in the dreadful away form, their poor record against the top teams last season and the lack of a trophy since 2008 and virtually every element of the club requires attention. Postecoglou has a four-year contract but after two, Tottenham could look completely different. They need to. Read More Tottenham appoint ‘attacking’ Ange Postecoglou as new manager Tottenham’s lengthy to-do list after appointing Ange Postecoglou as boss Daniel Levy reveals why Tottenham appointed Ange Postecoglou as new manager

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Leigh Wood dropped and stopped Josh Warrington at the end of round seven to retain his WBA featherweight title in an unforgettable fight in Sheffield. Late on Saturday night, Wood was losing on points, cut and hurt when, with just seconds left in round seven, he connected with six perfect punches to send Warrington down. There was shock and pandemonium in the arena and close to 10,000 fanatics had no idea whether to laugh or cry. Warrington somehow beat the count, stumbled to his own corner as the bell sounded, put his hands on the top rope and turned round too late to satisfy the referee, Michael Alexander; there was a second of deliberation and then Alexander called it off. It was the right decision at that moment; it was also heartbreak and relief in equal measure for the two boxers. Wood started screaming in victory, Warrington complained briefly, but was quickly placed on his stool; he dropped his head forward in bitter disappointment. “I’m devastated,” he told me a few minutes later. He was still in the ring, looking from corner to corner and trying to understand what had gone wrong. Warrington had easily won rounds three, four, five, six and 2:58 seconds of round seven. All three of the scorecards had him comfortably in front at the point of the stoppage. The final, devastating punches came from nowhere, but Wood has a glorious history of salvaging lost causes. “There is no quit in me,” Wood said from the ring, his right eye cut and swollen and his face a blur of developing bruises. It was a hard fight, make no mistake. Back in 2021 Wood won the WBA featherweight world title with a stoppage in the 12th and last round, and was losing his first defence against Michael Conlan before finding the punches to dump Conlan out of the ring for the full count with just 90-seconds remaining in the final round. In Sheffield, he performed one more salvation act and it was dramatic and shocking and wonderful. The pace of the fight was relentless and from the start of round three, Warrington took control and there were moments when all the rumours and talk about the struggle Wood has making the weight looked true; by the start of round seven, Wood was trailing, but more than that, he looked like a beaten man. At the start of round five, with the entire arena standing in admiration and hope, and the signs of the struggle clear on their faces, the pair touched gloves; it was a small, lost and quickly forgotten moment, but it reveals a lot about these two boxers. Pride was the title, respect was the story. There was no sign of the finish as the seconds ticked closer to the bell to end the seventh, and then the combination started; Warrington went down in shattered instalments and Wood just kept throwing. It was a genuine ‘wow’ moment. Wood connected cleanly with six punches, starting with a short right hook. It was a savage and calculating finish, a mix that is not as common as you think. They each left the ring to uncertain futures, and they could, in theory, fight again. Warrington wants a rematch; Wood would make a lot of money from a rematch. However, it will not be at featherweight as Wood confirmed that his battle with the scales is over and that he is moving up in weight. Warrington would be at a considerable size disadvantage in a rematch at a heavier weight. Incidentally, Wood retained his WBA bauble, but in the heat of the moment, that piece of jewellery was ignored. Wood is one of modern boxing’s best fairy tales, a family man, a quiet man and a fighter capable of changing a fight with just one punch. In boxing, that is arguably the ultimate. Read More The sporting weekend in pictures ‘It’s some turnaround’: Leigh Wood relishing late career resurgence Leigh Wood celebrates ‘best win’ as he retains WBA title Leigh Wood stops Josh Warrington with outrageous KO out of nowhere Leigh Wood: I’m Josh Warrington’s last chance to get back into title contention Wood vs Warrington LIVE: Results after vicious KO

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