Finance Guru: Tottenham face spending blow under new PL rules as impact of £100m+ loss revealed

Below is a summary of the full article. Click here for the full version from Football Insider or go back to LFC Live.

(Credit: Imago) Wed 15 April 2026 8:00, UK Tottenham Hotspur’s anticipated drop in revenue next season will see them miss out on an opportunity to spend more under the squad cost ratio (SCR) rules. Under the SCR rules, clubs will be able to spend 85 per cent of their revenue on squad costs, while that figure drops to 70 per cent for teams competing in European competitions.

Financial metricValueCommercial revenue£277mBroadcast revenue£162mMatchday revenue£126mTotal revenue£565mWages£256mPre-tax loss£95mOther expenses£202mTottenham’s accounts last season (Credit: Swiss Ramble)Speaking exclusively to Football Insider, Borson discussed whether Tottenham could potentially benefit from not being restricted as much by the SCR rules next season. “I see that as a bit of a red herring because there’s a reason why you have the 15 per cent difference between clubs that are in Europe and clubs that are not,” said Borson.

“But the second thing is, of course they won’t be in Europe, which means that their revenue falls compared to this season by probably £100-110m depending on what their commercial arrangements are.” How Tottenham’s revenue drop will impact spending plansBorson insisted Tottenham would rather be capped at 70 per cent and competing in Europe because of the anticipated drop in revenue. But it’s an extra 15% of revenue that is £90-100m lower than this season.