Tottenham stars facing '50% wage cuts' - Stefan Borson analyses relegation impact

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/Getty Images) Wed 22 April 2026 10:13, UK Tottenham Hotspur face the “risk” of not being able to get out of the Championship at the first attempt if they are relegated this season. 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 how Spurs’ numbers would be impacted if they lose their Premier League status.

“People will probably not always be dwelling in the ground for as long as they do currently, and even if they’re season ticket holders, maybe not turning up. You’re still getting your season ticket revenue, but you might not be getting the matchday revenue to go with it.” Why Tottenham relegation is not ‘catastrophic’Borson insisted the impact of relegation shouldn’t be exaggerated despite the need to return to the Premier League immediately.

“It’s not going to be catastrophic for one season, so people shouldn’t exaggerate what it’s going to do for one season. They’ll be okay for one season.