For Spurs, to compete year after year in Champions League, a big stadium is mandatory. If there is big stadium, there is substantial match day revenue, which in turn means the ability to compete with big clubs over player wages. This is not rocket science.
Daniel Levy a the Spurs board have been on the look out for a new stadium for years now. Levy is a shrewd businessman. Spurs fan trust him because he is a Spurs fan first, but his role as a Chairman & Businessman takes to the forefront when it comes to Club future. He genuinely believes that moving out of Tottenham is the only way of getting a stadium. Some of them agree, some of them don't.
Spurs have been trying to get a good deal from Harringey Council over its proposed NDP project, but there are a lot of demands put down by Harringey Council, Transport of London, and London Heritage, which make it financially nonviable to build in Tottenham.
Levy sees a chance in Stratford. In fact, according to Lord Sugar, ex-chairman of THFC , it is the OPLC (Olympic Park Legacy Company) CEO who invited Levy to bid in first place. So, from what Lord Sugar said, THFC genuinely believed that they had a chance. But now with a unanimous decision taken by OPLC, it is clear that they were never in the race. Many believe that OPLC used THFC as a Bargain chip to scare West Ham to accept the running track as part of their bid.
Now the Question is what did Spurs achieve?
1) They lost the bid miserably.
2) They lost time and money, but they used this as an example to show that THFC is ready to move out of Tottenham if there opportunity presents itself. It is possible that, after seeing THFC's readiness to move out of Tottenham, David Lammy and Harringey Council could cut back on their demands for the NDP/WHL project.
If Harringey cuts back on its demand, even by a small extent, it could mean millions of savings for THFC. Though Levy may look like a villain now, I believe he has played a good high stakes game of poker. He has made his move. He is waiting for his council's reaction. I'ts time for Harringey to show that they want Spurs in their land.
Spurs are a loser today, but this bid may prove to be good time and money spent in the long run.