Some interesting analysis of the Tottenham finances by BBC Sport.
Suggesting that relegation would cause catastrophic damage, due to the loss of Premier League and Champions League revenues.
BBC Sport analysis on Tottenham finances:
| Revenue Stream | Premier League | Championship (estimated) |
|---|---|---|
| Broadcast — League | £128m | £45m parachute payment |
| Broadcast — Champions League | £71m+ | £0* |
| Matchday | £131m | £79m |
| Commercial | £279m | £224m |
| Total | £609m | £348m |
| Kieran Maguire, football finance expert *Assumes no Champions League 2026-27 | ||
Yet, Newcastle United’s record financial results for the 12 months ending 30 June 2025 were £335 million (As per the Deloitte 2026 Football Money League report), a figure that would still sit below Tottenham’s revenue even if Spurs were in the Championship.
This season, Newcastle’s squad has played more minutes than any other club across Europe’s top five leagues.
They are competing in the strongest league in the world—where UEFA data shows 40% of the world’s highest-value players reside—while operating with fewer financial resources than Tottenham would likely retain in the second tier.
The majority Newcastle United owners, Saudi Arabia PIF, approved the appointment of Paul Mitchell without the knowledge, know-how, or input of Eddie Howe. Mitchell, after telling everyone how incompetent they were, failed to sign a first team player.
Eddie Howe stated in his last press conference of the 2024/25 season, ahead of the summer 2025 transfer window: “Speed is key for us and I have reiterated that many times internally. Speed is key because we have to be dynamic; we have to be ready to conclude things very quickly because good players don’t hang around for long.” Subsequently, due to PIF’s slow bureaucratic process of approving purchases, multiple players were lost, including James Trafford.
On Sunday, we officially relinquished our status as EFL Cup holders, a trophy won due to goals from Nico O’Reilly—a Manchester City academy graduate. Players like Nico sign because of world-class infrastructure and multi-million-pound facilities, not a stop-gap building.
Nothing, absolutely nothing, is stopping PIF from announcing a new training ground; the only things that have been announced by our new CEO are an increase in ticket pricing and delusions of grandeur for 2030.
Yes, mistakes were made in the transfer market, with Eddie being dragged away from his time off to try and resolve the mess Mitchell created, it should never have been his mess to fix.
There are deep-rooted problems at this club but Eddie Howe is not one of them.
In fact, Eddie Howe is the only reliable counterweight we have to the institutional inertia of PIF and the incompetence of the club’s previous hierarchy.