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A football finance expert has highlighted the worrying signs about Tottenham’s financial health that he has spotted after the club released their latest round of financial statements.

Tottenham shared their financial statements for the year ending June 30, 2025, and the numbers show mixed results.

The club have seen their revenue increase to £565.3m, which represents a 7 per cent increase, mainly driven by their Europa League success last year.

However, Spurs revealed that their Profit from Operations (EBITDA) decreased to £112.3m (a 22 per cent decrease) while their Loss after Tax increased to £94.7m.

Tottenham have a growing need for cash despite posting record revenue

The Athletic’s Football Finance Writer, Chris Weatherspoon, has now revealed that Tottenham’s 2024-25 accounts show that the club have posted their worst-ever pre-tax profit, and there is growing shortage of cash at Spurs.

He explains that as of June of last year, Spurs held just £20.4m in liquid cash, which is a 10-year low for the Lilywhites and a reduction of nearly £180m over two years.

Weatherspoon says that these numbers show that Tottenham are less self-sustaining than they have been at any time under ENIC’s ownership.

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Tottenham continue to be a hugely cash-generative operationally, making £92m last season, which has only been bettered by Arsenal, Liverpool and Man United.

However, the size of the club’s outgoings has left them short of cash and forced them to turn to other sources for funding.

Transfer fees continue to be the main expense for Spurs

Weatherspoon explains that Tottenham’s increase in outlay has primarily been driven by their transfer spending, with the club having a net outlay of £561.6m on transfers since 2019.

At the end of June 2025, the club’s net transfer debt (money already owed to other clubs) stood at £242.8m, while an additional £159m was spent on players last summer.

A huge offer from Saudi Arabia has emerged involving Radu Dragusin, with new details shedding light on just how close a major move came during the winter window.

Overall, the winter transfer window was a disappointing one for Tottenham Hotspur, who failed to strengthen their squad as many fans would have liked.

Spurs managed just two signings, Conor Gallagher and Souza, who added more depth to the midfield and full-back positions, respectively.

In terms of outgoings, Europa League goalscorer Brennan Johnson departed for £35 million to Crystal Palace, weakening their firepower on the wings without securing any reinforcement.

Tottenham Radu Dragusin Saudi transfer offer details

Radu Dragusin’s agent has now revealed that his client could well have been heading out in the winter, given the lucrative offer received from Saudi Arabia.

During the winter window, Dragusin was subject to much transfer speculation, with reports linking him to a move to Italy. However, no such move materialised, forcing the centre-back to remain in north London.

Romanian outlet iAM Sport reports that the Tottenham player’s representative, Florin Manea, has revealed a major offer from Saudi Arabia, alongside interest from Germany.

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Speaking on the iAM Stucan podcast, Manea outlined the scale of the proposal and how it was turned down. He said, “You want me to tell you something? We refused €50m over five years for Radu. €10m per year.”

The agent then explained that the offer came from Saudi Arabia and far exceeded Dragusin’s current earnings at Tottenham, making clear the financial scale involved:

“Someone from Saudi Arabia called us and said they would give us €10m net per year to go there. We did not even consider it.”

He also stressed how negotiations could have escalated significantly, including the potential commission involved.

He added: “€10m per year? Tell me how many would refuse that. It could have gone up to €15m, even €20m per year. It could have reached €100m over five years. I would have taken a commission of €20-30m. But we were not interested.”

Spurs Radu Dragusin attracts interest from Germany

As it stands, the Romanian centre-back currently earns £4,420,000 per year at Spurs, and having turned down a lucrative offer from the Middle East, it is clear Dragusin believes he still has plenty to offer in Europe.

It is also a clear indication that the centre-back is not motivated solely by money.

Still speaking on the winter window, Radu Dragusin’s agent also confirmed that the defender attracted interest from the Bundesliga, indicating that options in Europe remain open.

According to Florin Manea, RB Leipzig made an approach, and while no deal materialised, the relationship remains active. Speaking on the iAM Stucan podcast, he continued: “There was an offer for him in the winter from Leipzig. Now we will see if they want to try again or not.”

Former Tottenham Hotspur player David Bentley has made a bold claim about the club’s global appeal and long-term potential amid their ongoing relegation fight.

The focus for Tottenham Hotspur for the remainder of the Premier League season is to avoid relegation, with seven games left.

Roberto De Zerbi has been brought in to help accomplish that, but should he fail, he is expected to oversee a rebuild even in the Championship after having signed a five-year deal.

Spurs, however, would rather they remain in the English top flight, given the financial repercussions they will face should they go down to the English second division.

Tottenham’s David Bentley makes bold claim on Spurs potential

For a club that only just won the Europa League last term and previously competed for European places, the drop-off is rather disappointing.

Former Tottenham winger David Bentley has now delivered a rather intriguing verdict on Spurs’ situation, stating that no one in football will want to see Spurs go down.

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Speaking about Tottenham’s appeal and the wider impact of relegation, Bentley stressed the club’s potential stature in the game and why their drop would not be welcomed.

He said on Sky Sports: “They could be the biggest club in the world, and to think of that potential being relegated and sitting in the Championship, not only financially but emotionally, I think for everyone in football…

“I do not think there is anyone in football that wants to see Tottenham go down and not be in the Premier League. I think everybody loves watching Tottenham even if you are a neutral.”

David Bentley’s relegation view disputed by rivals

Bentley’s comments are far from the case, given the different rivals Tottenham have in the Premier League.

The likes of Chelsea, Arsenal and West Ham United, with whom Spurs are in a relegation battle, will definitely want to see the back of Tottenham this season.

Other relegation rivals like Nottingham Forest and Leeds United will not mind seeing Spurs go down if it means their own club will be safe.

When pressed further on the suggestion that many would want Tottenham to go down, Bentley doubled down on his stance, insisting on the club’s broad appeal.

He added, “Do not say that… everybody loves Tottenham. Who does not like Spursy, come on.”

Roberto De Zerbi has a massive task ahead of him at Tottenham Hotspur and there are five issues in particular which need to be resolved.

The Tottenham supporters must be brought back on board

Tottenham Hotspur fans were right behind their team against Nottingham Forest. In fact, the pre-match scenes outside the stadium were not dissimilar from the Europa League celebrations in May last year.

However, Spurs failed to deliver on the pitch, leading to a very empty Tottenham Hotspur Stadium by the time the match had ended.

Roberto De Zerbi needs to get the Tottenham supporters believing again, because without any momentum from the stands, his team could struggle to get going.

Spurs have to defend better

Fair play to Igor Tudor for actually getting Tottenham to play some half-decent attacking football, but his team could not defend to save their lives.

Spurs shipped three goals at home to Nottingham Forest, five at Atletico Madrid and four against Arsenal.

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De Zerbi has to figure out a way to make his side more secure at the back, otherwise it will not even matter how good the attack becomes.

Roberto De Zerbi has to find a formation that works for Tottenham

One of Tudor’s biggest problems was that he could not find a system which functioned well with the players at his disposal.

From three at the back to a strike partnership up front, Tottenham struggled to click under the Croat boss.

The new manager is known to play with a 4-2-3-2 formation, but does this meet the needs of his squad? This is something he will have to figure out.

Micky van de Ven needs to be back at his best

If one Spurs player had to be described as broken, surely it would be Micky van de Ven after his abysmal performances under Tudor.

The Dutchman’s attitude was not always what it should be when Thomas Frank was in charge, but he almost seemed to give up completely with Tudor as his manager.

However, van de Ven is still a top class talent on his day and if De Zerbi can get him firing again, Tottenham have a good chance of avoiding relegation from the Premier League.

Roberto De Zerbi must find a player to cover the Tottenham right wing

If Mohammed Kudus is back in action before Tottenham take on Sunderland, that will be a massive boost.

Alternatively, if this is not the case, De Zerbi needs to identify a member of his new squad who is able to deliver on the right side of attack.

Plenty of Tottenham Hotspur players will be coming up against each other in the Group Stage of this summer’s World Cup, with the full list of qualifying countries now confirmed.

The expanded format of the World Cup this summer, which will be held in the United States, Canada and Mexico, is set to feature 48 teams, divided into 12 groups of four.

Lucas Bergvall helped Sweden seal their place in the World Cup via the playoffs, and the midfielder is hoping to be joined in the squad by Dejan Kulusevski, who has set his sights on being fit for the big tournament this summer.

Dejan Kulusevski could face Micky Van de Ven at the World Cup

There will be plenty of all-Tottenham contests in the World Cup, and two groups in particular will be of interest to Spurs fans, with three teams involving Tottenham stars being drawn together.

Group F features the Netherlands, Japan and Sweden, which could involve five Tottenham representatives, with Xavi Simons and Micky van de Ven for the Dutch, Kota Takai for the Japanese, and the previously mentioned pair for Sweden.

Group L is also not short of Tottenham representation, with England, Ghana and Croatia paired together.

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Djed Spence and Dominic Solanke will be hoping to make Thomas Tuchel’s squad, and the Spurs full-back could directly come up against Mohammed Kudus, who is expected to start on the right for Ghana.

Luka Vuskovic has been tipped to make a big impact for Croatia at the World Cup, and he could also come up against Tottenham legend Harry Kane yet again after being involved in multiple battles with the Bayern Munich striker in the Bundesliga this season.

Three more World Cup groups feature Tottenham clashes

Group J features a battle of the Tottenham centre-backs, with Cristian Romero’s Argentina, who are the defending Champions, set to take on Kevin Danso’s Austria.

Two more close friends at Spurs will lock horns in a Group H fixture, with Pedro Porro’s Spain and Rodrigo Bentancur’s Uruguay being the two favourites to qualify to the next round.

Finally, Tottenham teammates may also line up on opposite teams in Group I, with Randal Kolo Mauni’s France and Pape Sarr’s Senegal set to lock horns.

However, it remains to be seen whether either the striker or the midfielder will start for their respective countries.

A supercomputer has now revealed where Tottenham will finish in the Premier League table and how likely they are to get relegated following the latest appointment of Roberto De Zerbi.

In his message to Tottenham Hotspur fans, De Zerbi clearly stated that the focus remains on the final games of the current Premier League season, with Spurs currently embroiled in a full-on relegation scrap.

The goal is clearly to avoid the drop, but the big question is whether the Italian has the ability to navigate a relegation battle.

A few pundits believe so, with Jay Bothroyd of the belief that De Zerbi will achieve big things, while Jermain Defoe is sure the new Spurs boss will succeed.

Meanwhile, other pundits are not optimistic, with Tim Sherwood of the opinion that De Zerbi is far from a safe pair of hands at the moment.

Tottenham relegation prediction after Roberto De Zerbi appointment

We have now turned to a supercomputer to assess how likely Tottenham are to avoid the drop and where exactly they are set to finish this season following the latest appointment of De Zerbi.

According to numbers crunched by Opta’s supercomputer, Tottenham are expected to beat the drop this season and retain their Premier League status.

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The AI, however, expects it to be a tightly fought relegation scrap, but it is Spurs that have been forecast to come out on top, finishing 17th in the Premier League.

Tottenham are predicted to manage 38 points, while West Ham, who are 18th, are set to finish on 37, narrowly missing out on retaining their English top-flight status.

Spurs’ relegation odds compared to rivals

The AI has also crunched the numbers on how likely Spurs are to be relegated this term after their poor run. According to the data, the Lilywhites have a 27.11% chance of getting relegated this season under the stewardship of Roberto De Zerbi.

As for West Ham, they have been handed a 57.39% chance of being relegated this campaign, the highest of any side currently in the relegation scrap.

Meanwhile, Leeds United and Nottingham Forest have a 6.79% and an 8.76% chance, respectively.

Jermain Defoe, who has only just taken on his first managerial role, has now opened up on whether new Tottenham Hotspur boss Roberto De Zerbi will succeed in north London.

Tottenham Hotspur have had their final throw of the dice – appointing Roberto De Zerbi as manager – in a bid to salvage what has been a dismal Premier League campaign thus far.

De Zerbi arrives in the thick of a relegation scrap, with Tottenham just a single point above the bottom three in the English top flight.

The margin for error is minimal, with results of utmost importance for the former Brighton manager, who has seven games left to turn Spurs’ season around.

Jermain Defoe gives verdict on Roberto De Zerbi to Tottenham

The jury is still out on whether De Zerbi is up to the task, but it is evident Tottenham are placing their trust in him, having handed him a five-year contract.

Reports have also claimed De Zerbi’s commitment goes beyond Spurs’ Premier League status, with the Italian said to be willing to remain in north London even if Tottenham were to go down.

Jermain Defoe has now given his view on the appointment, outlining his admiration for De Zerbi’s style of play and his pedigree.

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Speaking to Sky Sports, Defoe highlighted the Italian’s footballing philosophy before backing his ability to succeed: “Yeah, I mean, he’s someone who comes in with an unbelievable CV. When you look at his playing style as a football fan, you have to appreciate and enjoy the way they play.

“I remember his Brighton team, watching Brighton play, thinking, ‘Wow, this is the right way to play football’. He’s going into a massive football club.

“But he’s someone, with a good CV and, you know, someone who backs himself, and I just hope this group of players can respond to that and just get the results that they need.”

Spurs situation demands a response from players

Jermain Defoe, now head coach of Woking FC in the National League, also acknowledged the scale of the challenge, highlighting the unfamiliar territory Tottenham now find themselves in.

However, he remains hopeful that De Zerbi can spark a response from the squad.

Introducing his point about the players’ lack of experience in such situations, Defoe again stressed the need for a collective reaction while backing the new manager to deliver results.

He added, “A lot of the players haven’t experienced this before. The fans and the club have not been through this situation before.

“So, hopefully they can come out of it, and with this manager, I’m sure he’s good enough to get the results they need.”

Roberto De Zerbi outlined his vision at Tottenham Hotspur, including his footballing philosophy and what he expects from his players.

Tottenham Hotspur’s new boss – Roberto De Zerbi – has addressed fans in greater detail for the first time since his appointment, providing answers to a couple of big questions.

The former Brighton manager has reassured that, regardless of results, he will remain Tottenham manager next season – even if the club are playing in the Championship.

De Zerbi also offered an apology regarding his comments on Mason Greenwood, clarifying that he did not mean to take a stance after there had been a reasonable backlash from Tottenham fans.

Tottenham’s Roberto De Zerbi explains style of play ahead of Premier League run-in

The new Spurs boss has now provided more clarity on his tactical approach. There have been a few reservations about his expansive style of play, with pundits questioning whether that is what is needed at Tottenham right now.

Tim Sherwood claimed a safe pair of hands would have been the way to go, while William Gallas believed that Harry Redknapp would have been the better pick at this stage of the season.

Addressing his style of play and tactical approach during the Premier League run-in, De Zerbi told official Tottenham media: “I love keeping the ball, I love possession, I love to create chances to score.

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“But at the same time, I love having 11 defenders when we do not have the ball, because in this time of football, we have to attack with 11 players, with the goalkeeper as well. We have to defend with 11 players when the ball is not for us.

“I think in this moment, we have no time to work too much on more principles, but we have to know what we have to do on the pitch. We have to have a good organisation on the pitch, with the ball, without the ball. We have to consider the qualities of the players.

“We are lucky, I am lucky because I have big players with big talent and my work is to help the players to show their qualities.”

Neal Maupay already made it clear to Tottenham fans that they are getting a manager who breathes football.

The Italian has now made it clear that those comments were true. Speaking about his deep connection to the game and what football means to him, De Zerbi told official Tottenham media:

“Many times, I have said that football is my life and my life is football, but it is true because football is my work. I respect football because football gave me everything. And for me, it is not real work, it is a passion. If I stay at home, I watch football. If I work, I watch football and nothing changes. Stay at home or to be a coach.

“For me, Tottenham, especially in this moment, is maybe the most important challenge in my career. I am ready to start this challenge and I want to work with my characteristics, with my passion, with my vision of football and with my knowledge as well.

Roberto De Zerbi began his life as Tottenham Hotspur’s head coach by outlining his mindset and his knowledge of Spurs games this season.

Tottenham Hotspur are in a very precarious position in the Premier League this season, with relegation a very real possibility.

Spurs find themselves just one point above the bottom three and, with seven games left in the league this season, it is anyone’s guess who will be relegated and who will remain in the English top flight.

Tottenham, however, have made their final throw of the dice, sacking Igor Tudor after an underwhelming 44 days in the Spurs dugout and hiring Roberto De Zerbi to help pull off the great escape.

There is no denying the 46-year-old is a talented head coach with Premier League experience, and Tottenham will hope that is enough to see them through what has been a turbulent season thus far.

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Tottenham Roberto De Zerbi speaks on appointment and survival hopes

The new Spurs boss has now sat down with the Tottenham media team to share his thoughts on the club’s hopes of survival this campaign.

De Zerbi made clear that his love for football has seen him monitor Spurs in recent seasons and that he is confident the squad has the quality needed to beat the drop.

Addressing how he feels about taking on the role, and his belief in the squad, De Zerbi told official Tottenham media: “I’m very happy and very proud to be here. I consider Tottenham one of the most important clubs in the world, so I’m very happy.

“I have a big responsibility, but it’s a big challenge for me, and I’m looking forward to start and to work with the players and to win some games.

“I watched a lot of games, especially in the last period. I know very well the players. I love football, so I watch many, many games per week. I know everything. I know it’s a tough moment for Tottenham, but I know very well it’s a tough moment. It’s a difficult moment for everyone at Tottenham. I think we have the right qualities to come out of this moment.

“I believe in the players. I think we have to remember who we are and who the players are, because we have very big players and we have to work on their confidence and qualities. They have to show what they are and what they are good at playing.”

Spurs fixtures in focus for Roberto De Zerbi

Tottenham are not in action this weekend but will return next weekend with a clash against newly promoted Sunderland, who have been impressive this season and sit 11th in the league table.

When Spurs last met the Black Cats, the match ended in a draw earlier this season; however, a lot has changed since then.

Looking ahead to the fixtures and stressing a game-by-game approach, De Zerbi outlined his focus for the run-in.

He added, “I think we have to be focused just on the Sunderland game. I do not want to speak about the schedule or the Brighton game or the Wolverhampton game. Game by game, we have to prepare the players to win the game and to be focused just on the game.

“We have to play with courage. We have to play with the qualities of the players, because if I accept this challenge, it is because I have a big confidence in the players and the style of the history of Tottenham football is a very clear style of play.”

The former Brighton manager also opened up on how vital support from the Spurs fans is going into the final games of the season.

He called for togetherness and for his players to show the right mentality and attitude to give back to the supporters who are sure to play their role in the relegation dog fight.

He continued: “The fans in the last seven games, especially in this moment, are crucial. We have to be together. They have to stay close to the players, help the players and the players have to show the right mentality, the right attitude to give back to the fans’ satisfaction and what they want to see on the pitch. Because after this part of the season, I think we can become great in the future.”

Roberto De Zerbi has clarified what he will do if Tottenham Hotspur get relegated from the Premier League this season.

There is no doubt that eyebrows were raised when it was announced that De Zerbi had signed a five-year deal with Tottenham, given his history of not lasting long at clubs.

Many assumed that De Zerbi would be off in the summer if Spurs get relegated, but reports have indicated that the Tottenham boss has no relegation break clause in his contract.

In fact, some sources have claimed that the Italian is committed to rebuilding Spurs even if they are in the Championship next term, and the 46-year-old has now clarified his stance.

Roberto De Zerbi confirms he will be Tottenham boss next season

In his first interview as Spurs boss, the newcomer reiterated that he sees this as a long-term project in North London – something the Lilywhites haven’t really had in practice since Mauricio Pochettino.

De Zerbi insisted that he will remain in charge of the North London club next season, even if they are not in the top tier of English football for the first time in 48 years.

He told the club’s official channel: “I signed a five-year contract because for me, it is a big challenge. I will be the coach of Tottenham next season, no matter what.”

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Having an interim in place did not work for the Lilywhites, as it is always difficult for Igor Tudor to get a buy-in from the squad when the players know that there will be a new guy in charge in the summer.

That was perhaps why Tottenham decided to push forward a permanent appointment, and according to reports, De Zerbi was always Spurs’ top managerial target for the summer.

The Italian’s commitment to the cause will provide some certainty for everyone at the club, and the club’s hierarchy will be hoping that the newcomer can get an instant response from the players.