Tottenham Hotspur spent £256million on wages for the 2024-25 season, and that could be a huge problem for ENIC if the club get relegated.
Spurs have lost further ground in the race to stay in the Premier League after the conclusion of game week, with most of those around them doing well.
Roberto De Zerbi’s arrival may be too little too late, as the Lilywhites are facing financial hits on all fronts if they drop to the Championship.
Recent findings show that ENIC lost £94.7m in their 2024-25 accounts, and that will be nothing compared to what might be seen for the 2026-27 campaign.
Tottenham has been a tightly run ship over the last few years, and even in attempts to stay cheap, the club could now be testing their own limits through relegation.
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Tottenham wage cap proves irony; here’s why
The Lilywhites will see some bonuses from this season, one mainly in the form of payments from UEFA for their progress in the Champions League.
However, this season has seen the club sack Thomas Frank, who cost £6.7m to hire and much more to fire, as Tottenham still need to pay off Igor Tudor‘s contract.
Tottenham were fixated on having a wage cap for so many years under Daniel Levy’s ownership, and it’s something that probably has stayed the same since the Lewis family took over.
As highlighted by X user Chris, Spurs rank seventh highest in the Premier League for money spent on wages during the 2024-25 season.
Though the £256m figure won’t be the same this campaign, there’s a good chance it could be more, which will obviously need to be cut down significantly if a drop to the Championship occurred.
ENIC earned £287m from commercial revenue in the 2024-25 season, just £31m more than the wages they spent on players.
There’s a good chance this revenue will be halved in the Championship, highlighting the massive obstacle that the Tottenham board faces with paying what could now be expensive wages after all.
Who could be valuable assets to offset?
The likes of James Maddison, Dejan Kulusevski, and Dominic Solanke among others are all on sky-high wages that will never have been seen in the Championship before.
A route that ENIC could go down to ease wage pressure if relegation occurs is to loan some star players out to top-flight sides, so that they are not paying the entirety of their wages.
Cristian Romero looks likely to leave, while the club may also listen to offers for Micky van de Ven, regardless of which division they are in.
Guglielmo Vicario also looks destined to depart N17 this summer, while interest in Lucas Bergvall is there.
There are plenty of big-name players that ENIC could sell or loan out, but these £200m plus findings show that wages could be the biggest downfall of Spurs after all, but not in the way that anybody expected.
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