Tottenham Hotspur are reportedly owed £86,000 by a former commercial partner of their women’s team after the company entered voluntary liquidation with debts exceeding £9m.The development concerns Drip, the canned-water brand that agreed a sponsorship deal with Tottenham Hotspur Women in 2024. The company has now entered liquidation, leaving Spurs among several creditors facing the prospect of not recovering the money they are owed.The news comes amid wider changes to Tottenham’s commercial partnerships, with Sidiz recently exercising an early termination clause to end its sponsorship agreement at the end of October. That followed reports of another sponsorship departure, although the circumstances surrounding Drip’s liquidation are separate from those deals.Credit: @thefrederikkejensen / InstagramTottenham owed £86,000 after Drip enters liquidationAccording to City AM, Drip has entered voluntary liquidation with debts of more than £9m. Tottenham are reportedly owed £86,000 by the business, with the report suggesting the club is unlikely to recover the money.The canned-water company was founded in 2023 by television chef and rapper Big Zuu and had secured several sporting partnerships. Last year, the business was reportedly valued at around £100m after receiving a £4m investment from Middle Eastern firm Raya Holding.Tottenham’s involvement with Drip began in August 2024, when the club officially announced the company as the front-of-training-wear partner for Spurs Women. The agreement saw Drip’s branding appear on the front of the women’s team’s training and travel clothing during the 2024/25 season.The partnership was also intended to support the continued growth of Tottenham’s women’s team, with both organisations highlighting their commitment to sustainability. At the time, Spurs’ chief revenue officer Ryan Norys welcomed Drip’s involvement and emphasised the importance of commercial backing in helping the team compete at the highest level of the Women’s Super League.Tottenham’s original agreement with Drip covered the 2024/25 season, and the club has since secured a replacement for that sponsorship position. In September 2025, Spurs announced an expanded partnership with YETI, which became the new Official Front of Training Kit Partner for Tottenham Hotspur Women.The agreement also saw YETI become Tottenham’s Official Luggage Partner across the men’s and women’s teams, building on a relationship that began in 2022. As a result, Drip’s liquidation does not leave the women’s team without a front-of-training-kit sponsor, although Tottenham are still reportedly owed £86,000 by the former partner.How significant is the financial impact for Tottenham?While the loss of £86,000 would be unwelcome, the amount needs to be considered in the context of Tottenham’s wider commercial operations. It would be an exaggeration to suggest that the unpaid sum alone represents a major threat to the club’s financial position.There is also an important distinction between the £9m owed by Drip to its creditors and Tottenham’s own finances. Spurs are reportedly owed £86,000 of that total, rather than being responsible for any of the company’s wider debts.The immediate financial question is whether Tottenham can recover any of the outstanding money through the liquidation process. City AM suggests the club is unlikely to receive payment, although the final outcome for creditors will depend on how the company’s remaining assets are distributed.The loss of a commercial partner is another consideration, particularly for Tottenham’s women’s team. Sponsorship agreements provide clubs with revenue and commercial support, but the original value of the Drip partnership has not been publicly established in the reports.Tottenham also facing important sponsorship decisionThe development comes as Tottenham prepare for a much more significant change to their sponsorship arrangements. AIA will remain the club’s front-of-shirt sponsor until the end of the 2026/27 season, before becoming Tottenham’s Global Training Partner from July 2027 until June 2032.Tottenham have yet to announce a replacement front-of-shirt sponsor, leaving an important commercial agreement to be secured. Unlike the relatively modest amount owed by Drip, the terms of a new shirt sponsorship deal could have a substantial impact on the club’s revenue over several seasons.Football finance expert Stefan Borsen has already warned that Tottenham could face difficulties if a new sponsor is not announced soon. He suggested that the club should ideally have clarity over its next front-of-shirt partner before the end of the year.Borsen said: “The contract to worry about is, to be honest, the one on the front of the shirt. It’s already October now. I would be expecting to hear about who the new front-of-shirt sponsor is between now and the end of the year.”He added: “And if that doesn’t come, that is a concern because that is a signal that they’re drifting into a Chelsea-type situation. And that’s a big problem. That’s what they have to avoid.”For Tottenham, Drip’s collapse is an unfortunate development rather than a financial crisis in itself. The bigger commercial challenge will be ensuring that the club can replace departing sponsorship agreements with deals that maintain or improve its long-term revenue.READ MORE: Real Madrid join Barcelona in the race to poach Pedro Porro from TottenhamThe post Tottenham suffer £86,000 blow after former sponsorship partner liquidates appeared first on Spurs Web.