Tottenham are facing both a transfer and a financial blow if they fail to qualify for the Champions League this season, according to Noel Whelan.

The former Premier League striker, speaking exclusively to Football Insider assistant editor Russell Edge, believes the north London club are under “a lot of pressure” to make sure they finish in the top four this season.

Spurs confirmed earlier this week that they have taken a £175million loan to help combat the financial impact of the Coronavirus pandemic, with their estimated revenue loss said to be £200million.

With the summer transfer window around the corner, manager Jose Mourinho told Sky Sports that recruitment is the “last thing” the club are thinking about right now.

Whelan believes qualifying for the Champions League is the be all and end all for Spurs this season, suggesting it could have huge ramifications if they fail.

Whelan told Football Insider: “I think transfers dictate on whether they’re in the Champions League as well. They’ve got to take that into consideration as well – if they’re not in the Champions League, they won’t be getting that money they need and command. 

“Players, top-class players, won’t want to sign for Tottenham because they won’t be playing in the Champions League. They’ve had a double hit here – there’s a lot of pressure on them for the last nine games. 

“The way things have turned around so quickly into a negative for Tottenham on the financial front is a huge blow and it might be a double one if they don’t reach that Champions League spot.” 

Spurs currently sit eighth in the Premier League table, seven points behind Chelsea in fourth with nine games to play.

They will have the likes of Harry Kane, Heung-min Son and Moussa Sissoko to call on when the season resumes, with the trio having recovered from their injury layoffs.

In other Tottenham news, an ex-Spurs star has branded a senior figure’s transfer claim a “load of rubbish”.