Tottenham fans really do not have anything to cheer about, as the club’s financial records for 2025 have revealed even more problems behind the scenes.
2026 has been an absolute disaster for Spurs, with the club still searching for its first league win of the year and the threat of relegation looming.
A lot now depends on the results against Fulham and Crystal Palace. Lose those games, and Tottenham will be in a very real crisis that could have massive implications.
But, away from the calamities on the pitch, Tottenham are even struggling financially now, despite having a huge revenue stream.
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Tottenham post third biggest loss in Europe
Each year, UEFA shares its annual European Club Finance and Investment Landscape report. The latest has some concerning facts and figures pertaining to Tottenham.
We all think of Tottenham as a money-making machine. Given the incredible success of the Tottenham Hotspur Stadium, from a commercial perspective, and the fact that the club rarely spends big in the transfer market, you’d be forgiven for thinking all is well in the financial department. But you’d be wrong.
Turns out Spurs are third in the list for pre-tax losses in the year 2025. The club recorded a £129m loss, behind only Lyon (£170m) and Chelsea (£342m). That’s particularly worrying considering Lyon’s financial affairs were so dire that the club were relegated to Ligue 2 last year, before getting that decision overturned in an appeal.
Tottenham’s loss is a staggering £102m higher than the previous year. While there are no details as to exactly how this loss has occurred, it’s a bizarre turn of events given the club won the Europa League in 2025 and ranked ninth for revenue across 2024/25 with income of £555m.
Premier League failure could be key to Spurs losses
If we want to try and speculate why this immense loss has happened, we can find a clue in the report. Giving an explanation as to general reasons losses will be recorded, the report states: “Financial losses commonly occur when sporting performance falls short of expectations. Results before tax also vary considerably due to year-by-year fluctuations in transfer profits.”
Despite the Europa League success last season, it’s likely the 17th-place finish in the Premier League was enough to seriously damage the club’s financial situation.
It’s not looking any better this season, either, so we should probably expect similar losses the next time this report is released. The only saving grace is the Champions League prize money Spurs have earned this year, which could offset the losses to some degree.