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With five games left of the Premier League season, Tottenham Hotspur are languishing in 18th and many are starting to wonder what relegation could signify for the north London club.

Roberto De Zerbi’s embattled side are fighting to avoid a first top-flight demotion since 1977, an eventuality that seemed unthinkable when they lifted the Europa League less than 12 months ago under Ange Postecoglou.

So, what could relegation to the English Championship mean for Spurs and the Tottenham Hotspur Fan Token™ ($SPURS)? And conversely, what effect might survival have?

How Might $SPURS React to Relegation or Survival?

At the risk of stating the obvious, relegation would likely cause the value of the Tottenham Hotspur Fan Token ($SPURS) to plummet, while survival could precipitate an appreciable climb. The question is, how sharp will the move in either direction be?

It seems likely the drop would be more significant if relegation is confirmed, though survival could also embolden traders to back Spurs ahead of a summer rebuild. After all, the token may be perceived as undervalued: its spot price has plummeted 32.4% since Jan. 28, the date of their last Premier League win.

The latest football power list revealed that Tottenham Hotspur were the world’s 9th most valuable club, with a value of $3.5 billion. Relegation from the world’s richest league would dent that valuation and seriously damage the club’s prestige, heaping pressure on them to gain immediate promotion.

Spurs’ current wage bill is more than three times that of the most highly-paid Championship squad, Leicester City, who have themselves just been relegated to League One a decade after winning the Premier League.

Evidently, relegation would hit Spurs in the pocket, with everything from broadcast rights to transfer budget and matchday revenue going down. Some put the cost of relegation at £250 million.

Survival, conversely, would preserve Spurs’ status as one of the world’s wealthiest clubs, and offer them the chance of a clean slate for the 2026/27 season.

Premier League clubs received a total of £2.83 billion last year, and this season marked the start of a new four-year TV deal cycle worth a record-breaking £6.7 billion. To say Spurs are desperate to stay on the gravy train is an understatement.

Five Finals as Spurs Fight to Survive

At this juncture, Tottenham Hotspur effectively have five games of equal importance as they contemplate either the ignominy of relegation or the relief of survival. This week, De Zerbi sounded a positive note by claiming “this team is able to win five games in a row.”

Those remaining fixtures are against Wolverhampton Wanderers (Apr. 25), Aston Villa (May 3), Leeds United (May 11), Chelsea (May 17) and Everton (May 24).

Ominously, fixtures against the highest-placed of those teams – Villa (4th) and Chelsea (8th) – are away from home.

Although Spurs’ survival mission starts away to already-relegated Wolves this Saturday, their opponents are in a better run of form, having won two of their last six. Spurs, meanwhile, haven’t won a league match since beating Crystal Palace away four months ago.

Perhaps that’s why Tottenham Hotspur are now favourites to be relegated according to Opa.

Buckle up, Spurs fans. The season home straight could be bumpy.

Ronnie McCluskey: Fan Tokens Market Reporter

What Could Relegation or Survival Mean for the Tottenham Hotspur Fan Token™ ($SPURS)?

How Might $SPURS React to Relegation or Survival?

Five Finals as Spurs Fight to Survive