Tottenham have a hefty dificit to overturn if they are to make it to the next round of the Champions League - and failure to do so will result in significant losses
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| Tottenham could lose millions on Wednesday night(Image: Diego Souto/Getty Images) |
Tottenham could miss out on in excess of £90million if they are dumped out of the Champions League on Wednesday night.
Spurs have a hill to climb against Atletico Madrid, with the Spaniards holding a 5-2 lead heading into the return leg of the knockout clash. Igor Tudor's side would need three goals to just push the game to extra-time, with many resigned to missing out on European glory.
However, this potential loss could signify more than a disappointing end to their Champions League campaign. Spurs have made millions from their participation in Europe this season, securing £16m just for qualifying for the league phase of the competition.
A single win secures around £1.8m but falling before the quarter-final stage will see Tudor's side miss out on a £10.8m bonus. There is also UEFA's new revenue model for the tournament, which rewards the marketing value and coefficient ranking of big clubs.
As one of the Premier League giants in Europe, Spurs usually bank up to £40m from this alone. This model tends to reward clubs based on continued participation, so Tottenham failing to qualify next season could spell trouble for profits.
Dropping out of the Champions League at the round of 16 will also see the club lose millions in revenue. Spurs collect between £4m and £6m per European matchday in tickets, hospitality and food and drink sales.
Losing that income before the quarter-finals removes up to £12m alone this season in a home leg in the rest of the knockout rounds, plus even more next season. The removal of between four to five guaranteed home games under the new Swiss model in the 2026/27 campaign removes over £30m in direct stadium income.
Brand endorsement deals are also at risk, as many of Tottenham's premium sponsorships contain performance clauses. A failure to qualify for the Champions League - which is almost guaranteed due to the club's low league standing - could trigger a drop in base payments from these sponsors.
An exit on Wednesday night, coupled with the failure to qualify for Europe next season, could spell a total of £92.8m in losses for the club. Tottenham recently reported a £129m pre-tax loss for 2025, the third-largest in Europe.
This double dose of losses - dropping out of the Champions League and missing Europe next year - will make it that much harder to stick to the Premier League's profit and sustainability rules (PSR).
Without European football to aim for in the summer, Spurs could be forced to sell some of their biggest assets in the team to cover any losses made.
- Abbie Meehan
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