I think we would be silly to get rid of him, MoPo could make him a much better player. Considering he was an academy player Sherwood really didn't seem to give a shit about him.
Townsend might be ineffective at the moment but he has an explosive quality that we don't have in the rest of the squad.
You are right and frankly I don't know why there is a rumour about him leaving Spurs in the first place. I can see a lot of players leaving before him.