Tottenham Hotspur Is Facing a Billion-Dollar Disaster
A seemingly improbable drop to England’s second tier is a tangible possibility.
Tottenham Hotspur is staring down the abyss. With three games remaining, Spurs are in 17th place in the Premier League, just one point clear of West Ham and the relegation zone. A 2–1 win over Aston Villa on Sunday pushed the void slightly further away—but Spurs, one of the richest and most famous sports teams in the world, is still on the brink of getting sent to the minor leagues.
It’s a spectacular fall from grace. Tottenham is one of England’s “Big Six” clubs (a term that has fallen out of favor, ironically, because Spurs have been so bad in recent years). The club generates the ninth-most revenue in world soccer at $766 million (£565 million).
It was playing in the Champions League in March after winning the Europa League last year. Its stadium cost $1. 2 billion to build, regularly hosts NFL games , and is generally thought of as one of the best in the world.
The Washington Commanders are playing at Tottenham Hotspur Stadium next fall. By then, the venue, which usually hosts the likes of Arsenal and Manchester United, could be hosting Championship teams like Lincoln, Stoke, and Blackburn. “Spurs being relegated would be unprecedented,” Kieran Maguire, associate professor in football finance at the University of Liverpool, tells Front Office Sports .
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