Tottenham Hotspur lost out on a significant amount of revenue due to Manchester City’s brazen financial breaches from 2009 to 2018.City have appealed the decision after being found guilty of 114 breaches, with a final decision expected on the matter by the middle of January.It has been widely reported that Tottenham are one of four Premier League clubs who reserved their right to take Man City to court in case the guilty charge is upheld.Spurs have good reason to feel cheated, given that they missed out on a significant amount of Champions League revenue during the relevant time.Photo by SpursWebThe total revenue Tottenham missed out on due to Man City’s breachesBBC Sport point out that Spurs finished one place outside the Champions League positions for four of the relevant nine-year period.Across those four seasons, Man City earned £148.2m from the Champions League, while Tottenham earned just £29.9m from the Europa League.Spurs also finished behind the Manchester club for six of those seasons, with the cumulative prize money difference calculated to be £6.6m.However, the North London club did benefit in the 2013-14 season, as they only qualified for the Europa League due to City beating Sunderland in the final of the EFL Cup.Spurs gained £5.1m from their 2014-15 Europa League campaign. Subtracting that from the previous figure the Lilywhites have lost, the report reveals that Tottenham suffered a net financial loss for Spurs of £119.9 due to City’s breaches.Why Spurs’ losses due to City’s breaches could be well over £120mWhile BBC Sport’s figures are the losses that can be quantified, there are other major losses Tottenham suffered, which potentially set the club back a decade or more.It is impossible to tell just how big a difference that £120m could have made to Spurs at a time when they were balancing trying to win a Premier League title with the costs of building a new stadium.Given how close Mauricio Pochettino’s team came to winning the title, one can argue they could have got over the line with a couple of extra signings.Had they done so and won a major trophy, the prize money gains and the sponsorship gains would have been considerable, as would have been the gains to the club’s sporting brand, which could help attract even better players.Additionally, who is to say Tottenham would not have gotten the Eden Hazard deal over the line in 2012 had they qualified for the Champions League?Hazard eventually chose to join Chelsea after the Blues took the Lilywhites’ place in the Champions League, even though Harry Redknapp’s side finished fourth in 2011-12.Had Spurs pulled off that signing, and had the Belgian stayed to play alongside the likes of Harry Kane, Heung-min Son and Christian Eriksen, the sky would have been the limit for the North London club.READ MORE: Toby Alderweireld reveals why he felt ‘strange’ after iconic Tottenham 3-2 Ajax winThe post How much Tottenham lost from Man City’s financial breaches has been calculated appeared first on Spurs Web.