A football financial expert has explained how much relegation from the Premier League could cost Tottenham Hotspur.
On Sunday evening, Spurs hosted Arsenal at the Tottenham Hotspur Stadium, looking to halt the Gunners' Premier League title charge.
Meanwhile, Arsenal were looking to go five clear of Manchester City, who won against Newcastle United on Saturday night.
It turned out to be a brilliant evening for Arsenal as Eberechi Eze and Viktor Gyokeres scored a brace each to seal a vital 4-1 win. Randal Kolo Muani netted for the hosts.
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As a result, Spurs remained in 16th place in the Premier League table, just four points ahead of 18th-placed West Ham United.
It is likely to be a nervy end to the campaign for interim boss Igor Tudor, who replaced the sacked Thomas Frank.
Speaking recently to Football London, financial expert Kieran Maguire touched on Spurs' potential relegation and the impact it could have on the club.
He said: "We could be in a farcical situation where they win the Champions League this year and they qualify for next year's competition and are in the second tier of English football.
"But if we ignore that, the good news for Spurs is that it's now an entertainment complex with a football club as a sideline. So the other side of the business, the events, those would be protected. Those would just go on as before if they went down.
"I think the amount of ticket income would be impacted and there would be some big impacts in terms of a loss of revenue. They made around about £600million of revenue last season."
Maguire added: "So the chances of being able to repeat that, I think, would be fairly unlikely, if at all possible. There are other things that could sort of fly under the radar. Spurs do have an awful lot of debt. One season in the Championship, clearly not ideal. Based on my figures, they owe over £300m in unpaid transfer fees to other clubs. So that would need to come out of somebody's pocket.
"I think there would be constraints. They'd get parachute payments. But, again, looking at my numbers here, last season, they made around about £190m in TV money. In the Championship, even with parachute payments, that £190m drops to around about £45m. So there could be some big hits for the club. Less money coming in.
"You've still got the issues that they've made legacy transfers, which haven't worked. But not only have they bought the players, they've still got to go and pay for those instalments on players. So it won't be great."
Spurs are back in Premier League action next weekend when they take on Fulham at Craven Cottage.
Topics: Tottenham Hotspur, Premier League, Football
Marcus Chan