Tottenham Hotspur right to keep Luka Modric - Kevin Bond

Luka Modric (right) celebrates his goal against Liverpool
Modric scored Spurs' opening goal in the 4-0 win over Liverpool

Tottenham assistant manager Kevin Bond believes the club's decision not to sell Luka Modric has been vindicated by the Croatian's impressive recent form.

Chelsea were keen to sign Modric, who reportedly asked to leave White Hart Lane, but Spurs rejected all bids.

Modric scored a stunning goal as Spurs beat Liverpool 4-0 on Sunday and Bond told BBC Sport: "You could see Luka has got his head round the situation.

"It'll prove a really wise decision on behalf of the club not to let him go."

Chelsea's pursuit of Modric culminated with a £40m bid on transfer deadline day, but Tottenham chairman Daniel Levy stood firm on his desire to keep the 26-year-old.

However, the speculation linking him with a move to Stamford Bridge had already caused Modric to be left out of the Tottenham side that was beaten 3-0 by Manchester United in their opening Premier League game of the season.

But the Croatia international, who joined the London club for about £15m from Dinamo Zagreb in 2008, has since been restored to the Spurs starting XI and began the rout of Liverpool with a magnificent 20-yard shot into the top corner.

"Everybody in football has got a price," added Bond. "If someone offers you more than a player is worth because they want him so badly then it might make good business sense to let him go.

"In the end I don't think it was making any sense on the last day [of the transfer window].

"Had they offered absolute fortunes and the chairman and [Spurs boss] Harry [Redknapp] thought the squad could have benefited from it they would have taken a view but they didn't think it was right for us."

Bond admitted it was difficult for Spurs to sustain a challenge against teams capable of offering vast wages, such as Manchester City and Chelsea, or with the massive revenue of champions Manchester United, whose Old Trafford ground has a capacity of 76,000.

"Our stadium holds 35-odd thousand people where the other clubs are holding almost twice as many," he said.

"It's difficult to compete on the same financial level but we have got a really good squad of players which we all believe is capable of finishing at least in the top four.

"That hasn't changed and Luka Modric will benefit us a great deal. Perhaps we're not going to be in the top two but we had a fantastic experience in the Champions League and I don't think it's beyond us to get there again."