Huge financial update issued on Tottenham

Spurs

Tottenham have been one of the most inconsistent teams in the Premier League this season.

One day, they're suffering a 0-0 draw with relegation-threatened Bournemouth and the next, they're defeating an in-form Arsenal side in the north London derby.

For Jose Mourinho, there are clearly plenty of issues to iron out, but a win over the Gunners will do his team's confidence absolute wonders.

The fact remains, however, that Spurs desperately need to improve.

Only a year ago the club were in the final of the Champions League but now they're sitting outside the European places.

A spot among Europe's elite again seems unlikely, especially if they fail to significantly spend in the summer.

Mourinho's men have shipped a whopping 46 goals since he walked back into London and thus, signing new players to bolster the backline should be of utmost importance.

Mourinho

However, their chances of doing so look rather slim.

The current pandemic has impacted football clubs all across the globe and Tottenham are no different.

They recently borrowed £175m from the British government to tide them over and rightly so, they will be unable to spend huge sums of money on new players.

That was confirmed by Football London journalist Alasdair Gold who answered a question on his weekly Q&A determining that the club can expect losses of about £200m.

He said:

"Definitely don't expect another £175m or so spent this season. It will be all about loans, swaps, free agents and players sold to buy others. The club estimate £200m in losses in the next financial year. Mourinho has already said don't expect big signings, just a few tweaks here and there." 

Spurs

GIVEMESPORT'S Matt Dawson says...

This is absolutely disastrous news for Spurs supporters.

One of the main worries that emerged when Mourinho first entered the club was, would he have the necessary funds to spend?

The Portuguese has been known for throwing large sums around during his managerial career but his predecessor, Mauricio Pochettino, was hardly given much backing by Daniel Levy.

Tottenham didn't spend a great deal in January either so it's looking like a rocky start to proceedings for Levy and Mourinho.

Levy

The pair have already clashed over their attempts to bring Thomas Meunier to the club, a player who ultimately joined Borussia Dortmund, but the Spurs boss must reflect upon why he doesn't have the funds available.

This is an unprecedented time and unfortunately for the north Londoners, it's set to hit them the hardest.

A lack of revenue from retaining their Champions League place is bound to hurt and it's unlikely they'll spend any fees at all in the summer if they're facing such huge losses.

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