By Emma Sanders

Tottenham’s early exit from the Champions League could have cost the club up to £25million, according to a financial expert.

Spurs failed to qualify for the knock-out stages of the competition following a 1-0 defeat against Monaco last month and unless they win the Europa League, they will have lost out on a huge sum of money.

Rob Wilson, a football finance expert from Sheffield Hallam University told the Press Association, as cited by the Daily Mail: “The financial cost of Tottenham not getting through to the last 16 is huge.

“Based on last year’s figures even a conservative estimate suggests they have lost out on around £17million by going out and that figure would be more like £25 million if they had drawn a top team.”

Mauricio Pochettino’s side recorded a 3-1 victory against CSKA Moscow on Wednesday evening to ensure they would compete in the second tier of European football.

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However, an early exit and a third-place finish in Group E could have big consequences off the pitch as well as the disappointment on it.

The money they could have earned through progression is more than Liverpool paid for Philippe Coutinho and could have been a huge boost in the summer when Pochettino dives into the transfer window.

Wilson went on to explain Tottenham would only be able to make up for the financial loss if they won the Europe League because the earnings in the competition are considerably lower than the Champions League.

The Evening Standard claim Spurs have already earned up to £30million from performing in the competition but it will have come as a major blow to the club to miss out on the possibility of doubling that figure.

Spurs currently sit in fifth position in the Premier League table and face a battle to qualify for next season’s Champions League as Chelsea, Liverpool, Manchester City, Arsenal and Manchester United all stand in their way.

Th draw for the Europe League last 32 is set to be made on Monday 12th December.

In other Tottenham news, Dele Alli reveals why he thinks Spurs can threaten Manchester United.