Championship
Relegation’s Financial Toll on Tottenham: Hundreds of Millions at Stake
Tottenham face a potential drop of $311–372 million in revenue if relegated to the Championship. More
At the start of last season Tottenham Hotspur were ranked by England’s leading soccer think tank as the “best run club” across the nation’s entire pyramid. Fewer than two years later the club faces the prospect of its first relegation in almost half a century and a dramatic revenue collapse.
Financial estimates put the potential shortfall between $311–372 million (£230–275 million) when comparing a 2025–26 Premier League season to a 2026–27 Championship campaign. Data estimated by BBC Sport and Swiss Ramble and converted from pounds to dollars show broadcast income falling from $173 million to $73 million, Champions League broadcast revenue dropping from $96 million to zero, matchday receipts falling from $177 million to $107 million and commercial income easing from $377 million to $303 million. The total moves from $823 million to $483 million in the projections.
Tottenham’s most exposed income stream is broadcast money. The club stands to earn around $178 million from Premier League television money this term; the Championship offers nothing like that figure. Parachute payments would offer roughly $61 million and the EFL central distribution is listed at $6.8 million, but those sums are small compared with Premier League receipts.
Commercial deals also risk reduction because sponsors such as Nike and AIA have clauses that could push payments down, potentially by about 20 percent. Matchday income could fall by about 40 percent as ticket prices and attendances adjust to a lower division.
The club reported the ninth highest revenue in its last released accounts and is set to report higher figures this season after a run to the Champions League last 16. Even after a projected drop of around 41 percent seen in recent relegations, Tottenham would still exceed the Championship record revenue posted by Leeds United in 2024–25.
“I reckon it’s going to be somewhere in the region of £250 million to £275 million compared to the current season,” soccer finance expert Kieran Maguire predicted on The Sports Agent podcast earlier this month. “That’s taking into consideration the fact that Spurs have the second highest yield in terms of how much they extract per fan, per match. It’s a very sophisticated operation they have … Then, of course, there won’t be the participation in Europe next season.”
Reports say Daniel Levy added a 50% wage cut clause in player contracts for relegation. Professor Rob Wilson warned: “Some other clubs could even have 90% relegation clauses or agreements for players to move,” Wilson told The i . “But because Spurs have been relatively stable in the Premier League, they don’t have the clause they would need in order to properly survive.
“It’s nowhere near enough. You need a minimum 75% relegation clause in order to balance your books when you go down.”
Championship
Carrick and Maresca renew an old rivalry in Manchester derby build-up
Carrick has won both previous meetings with Maresca, and they meet again at Old Trafford.
For the first Manchester derby in a decade without Pep Guardiola on the touchline, attention turns to another managerial meeting. After Guardiola stepped down from Manchester City at the end of last season, Sunday’s match at Old Trafford will place Enzo Maresca opposite Michael Carrick.
It is not the first time the two have crossed paths. Their previous encounters came before this Premier League setting, and before Carrick’s current role at Manchester United. The head-to-head record already carries a clear edge for Carrick, who has twice got the better of Maresca.
Their first meeting arrived in November 2023 in the Championship, when Middlesbrough hosted at the Riverside Stadium. That match was decided by a moment of quality from Sam Greenwood, whose 83rd-minute free kick proved enough to settle the contest. His strike, curled from long range into the top corner, was later chosen by fans as the club’s Goal of the Season.
The game itself was far less polished than the winning goal. It was a bruising, disjointed affair that produced seven bookings and 33 fouls, underlining how little rhythm either side managed to establish.
When the fixture was reversed later that season at the King Power Stadium, Carrick again came out on top. Middlesbrough won 2-1, extending his perfect record in the pairing and giving him another result to lean on ahead of this latest derby occasion.
With Maresca now preparing to face Carrick in a very different setting, the past meetings offer a useful reminder that this is not an unfamiliar rivalry. The names may be attached to a new stage, but the competitive pattern remains the same.
Championship
Grading the Major USMNT Moves of the 2026 Summer Window
USMNT transfer grades from a summer of World Cup momentum, fresh starts, and one Deadline Day collapse.
The 2026 World Cup changed the market for several U.S. men’s national team players. Strong performances on the biggest stage helped open doors across Europe, while others used the summer to secure fresh opportunities after productive domestic seasons. From MLS exits to moves inside Europe’s top leagues, the window produced a mix of progress, promise and one Deadline Day saga that never quite became a transfer.
Sebastian Berhalter was among the clearest beneficiaries. He was not a regular starter under Pochettino this summer, but he still logged five World Cup appearances, finishing with a goal and an assist. That followed a career-best 21 goal contributions for the Vancouver Whitecaps in 2025, and he backed it up again in 2026 with seven goals and four assists in 18 matches. Middlesbrough moved quickly, paying $2 million in July for the midfielder’s signature. The switch to England’s second tier gives him a major step up from MLS and a possible pathway toward the Premier League.
Gio Reyna needed a reset, and he got one. After managing only 20 appearances for Borussia Mönchengladbach in 2025-26, he went to the World Cup and delivered five appearances, capped by a standout goal against Paraguay. That was enough for Strasbourg to hand him a five-year deal. Reyna has already shown encouraging signs, setting up the only goal in a preseason match against Newcastle United before making his Ligue 1 debut off the bench. He then earned a start against Lens and helped Strasbourg take three points. For a player who needs rhythm, that kind of continuity matters.
Zavier Gozo’s move carried a different kind of weight. The 19-year-old left Real Salt Lake for Crystal Palace on a five-year contract, scored for the club’s U-21s against Arsenal’s youth side, and then made his Premier League debut six days later in a 4-1 loss to Manchester City. The numbers were modest, but the age profile and upside remain obvious.
Folarin Balogun did not move in the end, but his Deadline Day story was impossible to ignore. A permanent switch from Monaco to Everton fell apart after a failed medical, a brief pivot toward Joshua Zirkzee, renewed contact over Balogun, and Monaco pulling back from a separate sale involving Lamine Camara. In the end, Balogun stayed put.
Championship
PFA Awards 2026: Fernandes and Shaw lead the honours
Fernandes and Shaw headlined the 2026 PFA Awards after standout seasons in England.
The 53rd PFA Awards took place on Tuesday night at the Manchester Opera House, with the game’s leading players across England recognised for their 2025-26 seasons. The ceremony covered the Premier League, the EFL Championship, League One and Two, the Women’s Super League and the Women’s Super League 2.
Bruno Fernandes claimed the men’s Player of the Year award after a remarkable campaign for Manchester United. The midfielder set a Premier League record with 21 assists in a single season, and he became the first United player since Wayne Rooney in 2010 to win the prize.
In the women’s category, Manchester City forward Khadija “Bunny” Shaw was voted Player of the Year for a second time. Shaw scored 21 goals in 22 matches last season and played a key role as City won the title. Her recognition completed a double after she was also named women’s Player of the Year by the Football Writers’ Association in May.
Fernandes also completed a double of his own after being selected as men’s Player of the Year by the Football Writers’ Association in May.
City youngster Nico O’Reilly, 21, received the men’s Young Player of the Year award, while Arsenal forward Olivia Smith, 22, won the women’s Young Player of the Year honour for the second straight season.
Elsewhere, former Middlesbrough midfielder Hayden Hackney, now with Everton, was named Championship Player of the Year. Birmingham City forward Lily Crosthwaite collected the WSL2 Player of the Year award, while former Leyton Orient forward Dom Ballard, now at Championship side Bristol City, was named League One Player of the Year.
The event also included the Premier League, WSL, Championship, League One and WSL2 Teams of the Year, with the full line-ups listed separately.
