“Obviously, the more you earn the more you’ve got to spend. The revenue delivered from participating in the Champions League provides a significant boost to the club’s revenue performance.”
On top of the UEFA money, clubs will also pocket millions in matchday revenue with Champions League games more attractive to fans than the second-tier competition.
Tottenham’s three Champions League group games in 2010 against Inter Milan, FC Twente and Werder Bremen pulled in a total of 100,167 supporters while this season’s Europa League games against Lazio, Maribor and Panathinaikos drew 84,673.
Tonight’s game at the Emirates has implications at the other end of the table, with Wigan fighting for survival.
Adam Bull, a senior consultant at Deloitte, said: “The impact of relegation this season is likely to be around £40m-£50m. The large reduction in income from missing out on the first year of the new Premier League broadcast deal will be partly offset by the estimated increase in parachute payments to relegated clubs. Of the £40-50m, the reduction in broadcast income will be in the region of £35m.”