This from ESPN on the Modric “ultimatum”, from a source presumably linked to the club (and not just some guy):

An ESPN source says: “A year ago Daniel Levy could have sold Modric to Chelsea for £40 million but turned it down, believing that in a year’s time he would be worth £50 million.

“Well, the feeling was that he couldn’t possibly have such a brilliant season as he had the year before, and his price has not gone up. Even if one of the big-spending clubs came in, they would be wasting their time as the player has made it clear he only wants to go to Real Madrid.

“Unless something gives, and it doesn’t look that way at the moment, then Spurs are stuck with Modric.”

The story here is basically Real lumped a giant mattress full of sweaty Euros, €30 million worth, toward Tottenham for the services of the Croatian midfielder, and Daniel Levy smirked and said “No.” He wants 40 million POUNDS for the player. If Real seriously thinks Tottenham are “stuck with midfielder who doesn’t want to be there,” they haven’t been following the economics transfer market for the last five years. Because Cesc Fabregas’ campaign to play terribly for Arsenal in the summer months after he strongly intimated he wanted a move to Barcelona sure worked. Methinks Villas-Boas will have few problems motivating Luka.

RM bungled this one fairly badly…