Tottenham Hotspur are facing a scenario that once felt unthinkable: relegation from the Premier League.

But beyond the results on the pitch, what would it actually cost them?

In this episode of Moneyball, we break down the financial impact of relegation — from a potential £200–£250 million revenue loss, to the pressures of servicing a £1 billion stadium, declining broadcast income, reduced sponsorship value, and the risk of losing top players.

We also look at how Tottenham got here, including years of instability and the departure of Ange Postecoglou, and challenge the long-held belief that some clubs are simply “too big to go down.”

This is the business side of relegation — and why the stakes are so high.