Tottenham have posted a £80million pre-tax loss over the past 12 months.
Tottenham's net debt has also increased by £101m to £706m in the financial year ending June 2021 as the financial effects of the UK government lockdowns continue to take hold.
Spurs posted revenues of £402.4m in June 2020. But this year Tottenham announced their revenue fell even further to £361.9m as the absence of fans inside the club's £1billion stadium proved costly.
There has also been a drop off in results on the pitch and the absence of Champions League football in both the current campaign and the previous one has also caused financial damage.
UEFA prize money was £23.6m this year, compared to £51.2m in 2020 which shows the huge financial implications of missing out on the Champions League.