Tottenham lost £129m last year, according to the data, and the risk of even greater losses going forward if relegated is evident. In some regards, Spurs' expenses would be reduced by dropping to the Championship. Last year, Spurs had the third-highest operating costs in all of Europe, paying out £260m. Barring a cull of that workforce, Spurs will have to keep paying top-tier European salaries while not even playing in the English top flight. Read more on the potential implications of Spurs getting relegated

Source: BBC March 06, 2026 09:14 UTC