Tottenham face up to ‘painful truth’ as fire sale scenario laid out for Premier League relegation
Tottenham Hotspur are in for a turbulent summer transfer window if they are relegated from the Premier League.
A drop into the Championship is looking like a realistic possibility at this stage as the Lilywhites occupy 18th spot with four games to go.
West Ham are their only true opposition right now, with Spurs two points behind them with a game in hand after the Hammers’ 3-0 defeat against Brentford on Saturday.
Things are certainly far from ideal for Spurs right now, although they may only get worse if Roberto De Zerbi doesn’t turn the ship around.
Tottenham could face massive financial repercussions if they do fall into the second tier, a reality which is becoming more of a concern day after day.
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Tottenham face fire sale if Premier League relegation happens
There is no hiding from how catastrophic this campaign could prove to be if the worst possible thing happens.
There has been little positive to say about the N17 outfit this season and there is no true reason why they won’t get relegated at this stage.
That eventuality would result in major issues on and off the pitch for Spurs moving into at least a year in the Championship.
A report from finance expert ‘The Esk’, real name Paul Quinn, has suggested that relegation could force Tottenham to sell their best players in order to meet Championship Profit and Sustainability Rules.
In what they describe as “the strategically painful truth” is that their most sellable assets represent the squad’s spine.
That could see the main players depart at a time when they are needed to maintain stability when staging a promotion effort at the first attempt.
Their top-10 most valuable assets come in at a gross value of £395–500million, leaving them with a potential profit of £180-245m if a firesale was pushed through.
That sums up how bad things could be for Tottenham if they are relegated, but it looks like it will only get worse away from the pitch.
Revenue to drop by over £200m if Tottenham are relegated
Selling key players would certainly be a blow, but it certainly wouldn’t come as a surprise to many.
It would actually be a necessary evil given how hard revenue streams will be hit as soon as relegation is sealed.
Tottenham’s current revenue totals at a figure in the region of £565m, with over £320m coming from TV and sponsorship deals alone.
According to The Esk, that would come crashing down to a figure between £320-360m, marking a decrease of £205-245m for the Lilywhites.
TV revenue and sponsor fees would reportedly drop by nearly £150m combined, and that’s just year one of being in the Championship.
Things would only get worse the longer the North Londoners remain in the second tier.
The likes of Leeds United, Coventry City and Nottingham Forest have proven it is possible to get stuck down there and require total revamps to turn things around.
Tottenham simply can’t afford to be relegated, but there is limited time remaining to stop it happening.
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