Tottenham are not at great risk of breaching financial fair play rules despite their eye-watering losses in 2020.
That is according to finance guru and new Football Insider columnist Kieran Maguire, speaking exclusively with Spurs currently 8th in the Premier League table.
No lucrative European football would prove a bitter blow for Tottenham who are already struggling financially amid the economic fallout of the pandemic.
Spurs posted a £63.9million loss for the last financial year, the first time their accounts have entered the red since 2012.
This site later revealed that Spurs are resigned to selling a big-name player in the summer to cope with the loss of £150m of matchday income for 2020-21.
But Maguire explains that the relaxation of FFP means that Spurs are unlikely to fall foul of Premier League regulations.
“They are doing two things to relax FFP rules at the moment,” he told Football Insider correspondent Adam Williams.
“First of all, losses are being spread over two years. Also, any Covid related issues such as the loss of matchday income, broadcaster rebates and the cost of testing are not factored in.
“Tottenham don’t look horrendous in terms of FFP. The reason for that is because under the Premier League FFP rules, you’re allowed to lose £105m over three years which is a lot more generous than the UEFA rules. Under UEFA rules, you can only lose €30m over three years.
“If you try to ensure you qualify for the UEFA rules, automatically you’re going to be well within the Premier League FFP rules themselves.
“But the only club we’ve seen punished in terms of the UEFA rules was Wolves. Manchester City successfully defended their case.
“Wolves were charged last year but they had a relatively modest sanction in terms of what they were allowed to do and not do.”
After a run of just one win in six league matches, Jose Mourinho’s side beat Burnley 4-0 on Sunday.
The club are still going strong in Europe and have a League Cup final to look forward to in April.