The charismatic, if-sometimes-too-pragmatic-for-his-own-good manager was cut adrift after a combination of failure to reach the Champions League along with a rather obstinate view of his own worth to the club.
Transfer speculation is set to hit overdrive with the news, which is typical when a manager is deposed, but Tottenham need to have a strategy in place to stem the tide and wait out the storm.
First, Daniel Levy and the Tottenham board need to find a new manager. There will be plenty of speculation about who may take the reins, but with Euro 2012 still sucking most of the air out of the room, there will be time for Spurs to make a good, quality decision on the managerial position.
Then, Tottenham simply need to do nothing.
Well…nothing isn’t quite the right word. They need to let the new manager talk to the players. Let the man feel out where the players stand. Let them know what he envisions and see what sticks and what twists.
Bowing to outside market forces would be the worst thing Tottenham could do at this juncture. It would show that the club didn’t have a strategy in place when they decided to end Redknapp’s tenure.
Once they have figured out what the mood of the current squad is, they may or may not need to move some players along to enable the new manager to have a transfer kitty to work with.
This also includes possible transfer targets. Reaffirming their commitment to move will be a must as other potential transfer targets must not feel like the club is in panic mode and looking to snap up players as a façade against a crumbling house.
Finally, they need to go back to doing nothing, in the sense of actually doing nothing.
Once the Euros finish, there will be a swirl of transfer speculation as clubs try and pick off the best and brightest from the squads competing in the European Championships.
That window will be the point where Tottenham must weather the storm. Once the Olympics move into full view, the heat of the transfer window will cool somewhat while England’s attention is focused on London 2012.
In that time, Tottenham can settle the squad and begin to build for the upcoming Premier League season.
The manager will get a chance to put his two cents onto the training ground and see how the squad adapts to his approach.
With any luck, the current core of the squad will buy into what the new man is offering them and the squad will again challenge the upper echelon of the league table for a chance to enter the Champions League.
It’s the only thing at the moment that probably will ensure that the new boss will keep his head above water in the North London area.
Tottenham need to lock down a manager in the next few days and not let the situation drag out. Once they acquire the new boss, he needs to quickly focus the squad and get the players settled on staying at White Hart Lane.
After that, it will be time for the squad to see if they can dust themselves off and reach for the heights that Redknapp (still) believes the squad can reach.