A football financial expert has outlined some of the devastating repercussions Tottenham could face if they are relegated from England's top flight for the first time since 1977.
With seven games left to play in this season's Premier League campaign, Tottenham are just one point above the relegation zone following an embarrassing 3-0 defeat to Nottingham Forest.
Goals from Morgan Gibbs-White, Igor Jesus and Taiwo Awoniyi piled even more pressure on interim head coach Igor Tudor as fellow strugglers Forest climbed above Spurs and into 17th.
At the time of writing, Opta's data model suggests Tottenham have a 22.33% chance of being relegated.
So, how much would relegation set them back? If the unthinkable does happen and they do drop down to England's second-tier, it will cost the North London club more than £250 million, according to BBC Sport.
Ticket revenue, commercial income and overall broadcast revenue will take a significant hit, not to mention having to deal with a wage bill of £276 million and the impact that will have on finances.
As per The Athletic, the 'vast majority' of the first team squad would see their earnings slashed by around 50 per cent.
Expert gives stark insight into what relegation could cost Tottenham
Football finance expert Kieran Maguire has already touched on Spurs' potential relegation and the devastating impact it could have on the club, with loss of revenue and unpaid transfer instalments mentioned.
"The good news for Spurs is that it's now an entertainment complex with a football club as a sideline. So the other side of the business, the events, those would be protected," he told Football London last month. "Those would just go on as before if they went down."
Maguire continued: "I think the amount of ticket income would be impacted and there would be some big impacts in terms of a loss of revenue. They made around about £600 million of revenue last season.
"So the chances of being able to repeat that, I think, would be fairly unlikely, if at all possible.
"There are other things that could sort of fly under the radar. Spurs do have an awful lot of debt. One season in the Championship, clearly not ideal. Based on my figures, they owe over £300 million in unpaid transfer fees to other clubs. So that would need to come out of somebody's pocket.
"I think there would be constraints. They'd get parachute payments. But, again, looking at my numbers here, last season, they made around about £190 million in TV money. In the Championship, even with parachute payments, that £190m drops to around about £45m.
"So there could be some big hits for the club. Less money coming in.
"You've still got the issues that they've made legacy transfers, which haven't worked. But not only have they bought the players, they've still got to go and pay for those instalments on players. So it won't be great."
Despite all the negatives, Maguire gave Tottenham fans some relatively 'good' news to hang onto.
"What Spurs do have in their favour is their wage bill. They pay, on average, around £100,000 a week," he continued.
"By the standards of the remainder of the Big Six, that is far, far lower. That would act in their favour. That is also highly incentivised to get into better positions than they are at present and so on."
Maguire added: "So they've got that sort of historic benefit. But even then, what the owners would have to do, the owners would have to go and provide some funding."