Daniel Levy admits if Tottenham Hotspur fail to qualify for the Champions League it will limit the club's ability to spend in the transfer market.
Having reached last season's Champions League final without signing any additional players in either window, many would have expected Spurs to have kicked on this term, maybe even winning some silverware.
However, things have certainly not gone to plan, with Spurs turning to Jose Mourinho in November to turn the club's fortunes around, having sacked Mauricio Pochettino with the club in 14th place in the Premier League table.
After an initial upturn in form, 'The Special One' is struggling for consistency from his players, not helped one bit by injuries to key players, Harry Kane and Heung-min Son in particular, or the January sale of Christian Eriksen.
Tottenham were able to at least keep pace with their top-four rivals thanks to three successive Premier League wins in a seven-match unbeaten run, but that form was halted by the Champions League setback to RB Leipzig, with Spurs picking up just one point from a possible nine since, while also being dumped out of the FA Cup.
The north London giants are certainly not out of the Champions League picture just yet, with fifth place possibly securing a berth should Manchester City's ban be upheld, but they have seven points to make up on Chelsea in the final nine games.
Mourinho will no doubt have been made aware of the ramifications of missing out on Europe’s elite competition, with Levy revealing that such a failure would "impact all-round" on spending.
The Portuguese tactician has insisted there would be "no massive changes" in the summer but says it is "obvious" that Spurs "need to make our squad better".
Tottenham can still secure Champions League football this term, beginning with the second leg of their European clash with RB Leipzig on Tuesday, trailing 1-0 from the first leg.
However, there is further bad news on the injury front as Steven Bergwijn has been ruled out of the trip to Germany and faces an "extended period of rehabilitation", according to a club statement, due to an ankle injury sustained against Burnley on Saturday.
- TEAMtalk media