TITLE: A closed subspace of $C([0,1])$ with all functions of bounded variation has finite dimension
QUESTION [20 upvotes]: In several papers on spaceability I found cited the following theorem of Levine and Milman (1940):
Theorem: Let $E$ be a closed subspace of $C([0,1])$ (that is $C([0,1],\mathbb{R})$ endowed with the maximum norm $\|\cdot\|_\infty$) such that each $f \in E$ is of bounded variation. Then $\dim E < \infty$.
I woluld like to see a proof of this theorem but couldn't find one neither online nor offline. So, I tried
to prove it myself, but I got stuck. Here's my attempt: Let $\|f\|_v := |f(0)| + Var_f([0,1])$, and note that $\|f\|_\infty \le \|f\|_v$  for each $f \in C([0,1]) \cap BV([0,1])$. Set
$$
 A_n:=\{f \in E: \|f\|_v \le n\}, \quad n \in \mathbb{N}.
 $$
Each $A_n$ is a closed subset of $E$ (note that $E$ is endowed with $\|\cdot\|_\infty$) and $E= A_1\cup A_2 \cup A_3 \cup \dots$.
By Baire's Theorem some $A_n$ contains a closed ball of $E$. Thus the closed unit ball $B_1(E)$ is contained in some $A_n$. This implies that $\|\cdot\|_\infty$ and $\|\cdot\|_v$ are equivalent norms on $E$.
Now, I would like to prove that $B_1(E)$ is compact. If you replace for a moment "of bounded variation" by "Lipschitz continuous", then Arzela-Ascoli could be applied at this point and $\dim E < \infty$ would follow. But a closed and bounded subset $M$ of
$C([0,1])$ with the property that $\|f\|_v \le c$ for a constant $c$ and each $f \in M$ is not compact, in general (e.g.
$M=\{t \mapsto t^n: n \in \mathbb{N}\}$). Thus, in a proof of compactness of $B_1(E)$ the vector space structure of $E$ should play a central role. I can explain by an example what I mean by that: Consider the functions $f_n:[0,1] \to \mathbb{R}$, $n \ge 2$ defined as
$$
f_n(x)=nx ~ (x \in [0,1/n]), ~~ f_n(x)=2-nx ~ (x \in [1/n,2/n]), ~~ f_n(x)=0 ~ (x \in [2/n,1]).
$$
There is a sequence $(n_k)$ such that $\|f_{n_1} + \dots +f_{n_k}\|_\infty$ is uniformly bounded in $k$ and $\|f_{n_1} + \dots + f_{n_k}\|_v \to \infty$ as $k \to \infty$. Thus $f_n \in E$ $(n \ge 2)$ is impossible.
So, I assumed that $\dim E = \infty$ and tried to construct functions in $E$ with $\|f\|_\infty$ small but $\|f\|_v$ big, but didn't succeed. A second idea leading to nowhere up to now was that Helly's First Theorem could help: It's known that each sequence in $B_1(E)$ has a pointwise convergent subsequence.
So, three questions:

Can somebody finish this proof?
Is there a better (easier) proof?
Is there an accessible reference with a proof of this theorem?

Thanks for any support.
Edit: The Lemma mentioned by daw in the comments would indeed finish the proof: Let $(f_n)$ be a sequence in $B_1(E)$, w.l.o.g. pointwise convergent (Helly). Then it is a Cauchy sequence in $E$: Otherwise there is some $\varepsilon_0 > 0$ such that
$$
\forall n \exists k_n,l_n \ge n: ~ \|f_{k_n}-f_{l_n}\|_\infty \ge \varepsilon_0.
$$
But $f_{k_n}-f_{l_n} \to 0$ pointwise as $n \to \infty$, hence by the Lemma $\|f_{k_n}-f_{l_n}\|_\infty \to 0$ as $n \to \infty$, a contradiction.
Thus all is reduced to prove the following Lemma: If $(f_n)$ is a bounded sequence in $E$ with $f_n \to 0$ pointwise, then $\|f_n\|_\infty \to 0$.

REPLY [8 votes]: Using somewhat advanced results from the theory of Banach spaces
(in particular, Dvoretzky's theorem),
one can make the idea suggested by @Gio67 for constructing
functions $h \in E$ with total variation much bigger than their $L^\infty$-norm
into a rigorous proof.

Let us assume towards a contradiction that there exists an infinite-dimensional,
closed subspace $E \subset C([0,1])$ satisfying $E \subset BV$.
As noted by the OP and also shown in the answer by @Gio67, there then exists
a constant $M > 0$ satisfying $\mathrm{Var}(f) \leq M \cdot \| f \|_\infty$
for all $f \in E$.
In the following, consider $E$ as a Banach space equipped with the norm $\| \cdot \|_\infty$.
Then, Dvoretzky's theorem
(in the version given in this paper)
shows for any given $N \in \mathbb{N}$ that there exists a subspace
$V_N \subset E$ of dimension $\dim V_N = 2 N$ and such that $d(V_N, \ell_2^{2N}) < 2$,
meaning that there exists an isomorphism $T : V_{N} \to \ell_2^{2N}$ satisfying
$\| T \| \cdot \| T^{-1} \| < 2$.
Here, $\ell_2^{2N}$ is $\mathbb{R}^{2N}$, equipped with the standard Euclidean norm.
Fix a basis $(f_1,\dots,f_{2N})$ for $V_N$.
Then, Theorem 2 in this paper
shows that there exist $x_1,\dots,x_{2N} \in [0,1]$ (so-called Fekete points) and functions
$g_1,\dots,g_{2 N} : [0,1] \to \mathbb{R}$ with $\| g_i \|_{\infty} \leq 2$ and such that
$$
  f = \sum_{\ell=1}^{2 N} f(x_\ell) \, g_\ell
  \qquad \forall \, f \in V_{N}.
  \tag{$\ast$}
$$
It is not too difficult to see that
$$
  g_1,\dots,g_{2N} \in V_N
  \quad \text{and} \quad
  g_i (x_k) = \delta_{i,k}.
  \tag{$\lozenge$}
$$
Indeed, first note that $(\ast)$ implies $V_N \subset \mathrm{span} \{ g_1,\dots,g_{2N} \}$.
Since $\dim V_N = 2 N$, this easily implies $V_N = \mathrm{span} \{ g_1,\dots,g_{2N} \}$
and in particular $g_1,\dots,g_{2N} \in V_N$.
Hence, the linear maps $S : V_N \to \mathbb{R}^{2N}, f \mapsto (f(x_i))_{1 \leq i \leq 2N}$
and $R : \mathbb{R}^{2 N} \to V_N, c \mapsto \sum_{\ell=1}^{2N} c_\ell \, g_\ell$ are well-defined.
By $(\ast)$, we see $R S = \mathrm{id}_{V_N}$.
Therefore, $R$ is surjective and $S$ is injective.
Since all dimensions agree, this means that $R,S$ are both bijective with
$S = R^{-1}$ and hence $S R = \mathrm{id}_{\mathbb{R}^{2N}}$.
This easily implies $g_i (x_k) = \delta_{i,k}$.
Equation $(\lozenge)$ implies in particular that $x_i \neq x_j$ for $i \neq j$.
Hence, by relabeling, we can assume that $0 \leq x_1 < x_2 < \dots < x_{2N} \leq 1$.
Now, let $(\epsilon_i)_{i=1,\dots,N}$ be independent Rademacher random variables
(that is, $\mathbb{P}(\epsilon_i = 1) = \mathbb{P}(\epsilon_i = -1) = \frac{1}{2}$).

The idea is to use these Rademacher random variables and the fact that $V_N$
is "almost a Hilbert space" to introduce a suitable form of "almost orthogonality",
in order to produce a function with $L^\infty$ norm of order $O(\sqrt{N})$ but with
total variation of order $O(N)$.

Explicitly, note that if $h_1,\dots,h_N$ are elements of a Hilbert space $H$, then
$$
  \mathbb{E}
  \Big\|
    \sum_{i=1}^N \epsilon_i \, h_i
  \Big\|_H^2
  = \sum_{i,j = 1}^N
    \Big(
      \langle h_i,h_j \rangle_H
      \cdot \mathbb{E} [\epsilon_i \epsilon_j]
    \Big)
  = \sum_{i=1}^N
      \| h_i \|_H^2 ,
$$
since
$\mathbb{E} [\epsilon_i \epsilon_j] = \mathbb{E} [\epsilon_i] \cdot \mathbb{E} [\epsilon_j] = 0$
whenever $i \neq j$.
Therefore, using the operator $T : V_N \to \ell_2^{2N}$ that we got from Dvoretzky's theorem,
we see
\begin{align*}
  \mathbb{E}
  \Big\|
    \sum_{i=1}^N
      \epsilon_i \, g_{2 i}
  \Big\|_\infty^2
  & = \mathbb{E}
    \Big\|
      T^{-1}
      \sum_{i=1}^N
        \epsilon_i \, T g_{2 i}
    \Big\|_\infty^2 \\
  & \leq \| T^{-1} \|^2
         \cdot \mathbb{E}
               \Big\|
                 \sum_{i=1}^N
                   \epsilon_i \, T g_{2 i}
               \Big\|_{\ell_2^{2N}}^2 \\
  & =    \| T^{-1} \|^2 \cdot \sum_{i=1}^N \| T g_{2 i} \|_{\ell_2^{2N}}^2 \\
  & \leq \| T^{-1} \|^2 \cdot \| T \|^2 \cdot \sum_{i=1}^N \| g_{2 i} \|_{\infty}^2
    \leq 16 \cdot N ,
\end{align*}
since $\| T^{-1} \| \cdot \| T \| < 2$ and $\| g_i \|_\infty \leq 2$.
In particular, there exists at least one choice
of $\epsilon_1,\dots,\epsilon_N \in \{ \pm 1 \}$ such that
$$
  h := \sum_{i=1}^N
         \epsilon_i \, g_{2 i}
    \in V_N
$$
satisfies
$$
  \| h \|_\infty \leq \sqrt{16 \cdot N} = 4 \sqrt{N},
  \quad \text{and hence} \quad
  \mathrm{Var}(h)
  \leq M \cdot \| h \|_\infty
  \leq 4 M \sqrt{N}.
$$
To complete the proof, note that $(\lozenge)$ and the definition of $h$
imply that $h(x_\ell) = 0$ for $\ell$ odd
and that $h(x_{2 i}) = \epsilon_i$ for $1 \leq i \leq N$.
Therefore,
$$
  \mathrm{Var}(h)
  \geq \sum_{\ell=1}^{2N - 1}
         \bigl|h(x_{\ell+1}) - h(x_\ell)\bigr|
  \geq \sum_{i = 1}^{N}
         \bigl|h(x_{2 i}) - h(x_{2 i - 1})\bigr|
  =    \sum_{i=1}^{N}
         |\epsilon_i|
  =    N.
$$
Hence, we see that $N \leq \mathrm{Var}(h) \leq 4 M \sqrt{N}$,
where $M$ is fixed and $N \in \mathbb{N}$ can be chosen arbitrarily large.
This is clearly impossible and thus provides the desired contradiction.