Tottenham have been hit by a £35 million black hole after missing Champions League qualification.

The London Evening Standard says Tottenham's exclusion from the Champions League due to Chelsea's triumph in the tournament will cost Spurs up to £35million in cash.

Spurs finished fourth in the Barclays Premier League, which would normally guarantee a place in the qualifying rounds of the Champions League, but they lose out because Chelsea take that fourth English place as European title holders.

Tottenham will earn only around £5m in media rights from the Europa League instead of a guaranteed £25m from the Champions League.

There is also a significant loss in associated matchday, merchandise and sponsorship income that could see a further cost to the club of around £10million.