Tottenham and West Ham staring at relegation and financial crisis
Tottenham and West Ham staring at relegation and financial crisis Tottenham Hotspur and West Ham United will head into the final four games of the 2025/26 Premier League season looking anxiously over their shoulders. The two London clubs are battling to avoid joining Wolverhampton Wanderers and Burnley in the Championship next season. Nottingham Forest, Leeds United and Newcastle United are not safe just yet, but Spurs or West Ham are most likely to drop into the second tier.
Relegation would potentially be catastrophic for either club, as their latest financial results don’t paint a pretty picture. Read on as we take a closer look. Relegation could have a seismic impact on Tottenham Several big clubs have been relegated from the Premier League, including Newcastle United, Aston Villa, Leeds United and Sunderland.
However, given their status as a member of the so-called ‘Big Six’, dropping into the second tier would be a seismic shock for Tottenham. Their recent financial report for 2024/25 detailed a club-record £120. 6 million pre-tax loss, which was the club’s sixth consecutive deficit.
Given that Tottenham won the Europa League last season , their current financial situation paints a deeply concerning picture. In some respects, Tottenham bear some similarities to Leeds when they were relegated from the top flight at the end of the 2003/04 season. They previously had five consecutive European campaigns and boasted a squad which was ‘too good to go down’, but finished inside the drop zone.
Leeds subsequently slipped into League 1, before regrouping and working their way back to the Premier League. However, the journey was not easy. Tottenham were football’s second most profitable club in 2018, but have turned that £138.