Tottenham face ‘problems down the road’ as Stefan Borson analyses spending plans
Tottenham Hotspur are facing “problems down the road” as a result of failing to qualify for European football this season.
That is according to former Manchester City financial adviser Stefan Borson, who exclusively told Football Insider Spurs need to invest more this summer following their on-field issues.
Tottenham are at risk of being relegated from the Premier League after slipping to fourth bottom following their 3-0 defeat against Nottingham Forest.
However, the north London giants did reach the last 16 of the Champions League before being knocked out by Atletico Madrid.
Tottenham’s finances will receive a healthy boost after reaching the knock-out rounds, but missing out on Europe altogether this season will create a hole in their accounts.
What failing to qualify for Europe means for Tottenham
Football Insider revealed on 19 March Tottenham earned £71.6million in prize money from the Champions League this season.
That is likely to see Spurs’ revenue increase for 2025-26, with Deloitte’s 2026 Money League revealing the club’s turnover surged from £528m in 2023-24 to £565m last season.
| Financial metric | Value |
| Commercial revenue | £277m |
| Broadcast revenue | £162m |
| Matchday revenue | £126m |
| Total revenue | £565m |
Speaking exclusively to Football Insider, Borson discussed the financial issues Tottenham could soon be facing.
“The problems are down the road,” said Borson.
“This is another team that's not qualifying for the Champions League, that's for sure. They are not qualifying for the Europa League, that's for sure, so Europe's gone next season.
“We know about all the commercial issues they've got and then on top of that, let's assume they stay in the Premier League and then on top of that, I think their costs are going to be quite a bit higher next season if they stay in the Premier League because I think they're going to invest.”
How Tottenham plan to increase spending
Borson insisted Tottenham are planning to spend following Daniel Levy’s exit last September.
“I don't think they're going to be able to have three years of this bottom of the league kind of potential relegation battle,” said Borson.
“That's just not going to work for anybody. You don't get rid of Daniel Levy and then not start to spend more money, so I think that's what's going to happen.
“I think this is going to be a bumper year financially, but the problems are down the road.”