Andre Villas-Boas
Andre Villas-Boas is set to take charge at Tottenham next week Reuters

Former Tottenham Hotspur boss Harry Redknapp feels Andre Villas-Boas will have all the resources to mount a serious title challenge when he takes charge at White Hart Lane.

Villas-Boas is the odds-on favourite to become Redknapp's successor, with reports claiming the Portuguese tactician may take charge of Spurs as early as next week and the Englishman, who guided Tottenham to a fourth-place finish last season, stated he expected the ex-Chelsea manager to at least match his achievements at the north London club.

"He has been to England. He has been to Chelsea. Things did not work out for him. The chairman at Tottenham (Daniel Levy) feels that he can do the job at Tottenham. He has certainly got the players. I think that they have the players there to be a top-four team every year and to challenge for a championship. That is my opinion. They have got the players there," Sky Sports quoted Redknapp as saying.

The 65 year old has again denied speculation that rumours linking him with the then-vacant England post derailed Tottenham's season at a critical time. From a position of being outside bets for the title, Spurs crumbled to being outsiders for the Champions League spot in a little over two months. They eventually lost the spot to Chelsea, when the Blues beat Bayern Munich at the Allianz Arena to win the competition.

"It was difficult. Everybody was sticking my name up but it never affected me at Tottenham. People look back and they say, 'well it did affect the team.' We just had a spell where everything that could have gone wrong was going wrong. We were playing very, very well. It was just the way it was going. We came back strong in the last four games at the end of the year and picked it up again," Redkapp pointed out.

Meanhwile, Villas-Boas will take a significant financial hit if becomes the new Tottenham manager this summer, The Sun reported.

The report said the 34 year old, who was sacked by Chelsea in March, did not receive a compensation package when he was dismissed by Blues owner Roman Abramovich. Instead, the Russian agreed to continue paying his former manager his £100,000 per week wage until July 2014 or till he became employed elsewhere. Therefore, if Villas-Boas were to take charge of Spurs next week he would miss out on 25 months of pay from Chelsea, worth £10.8mn.