We prove the following Alon-Boppana type theorem for general (not necessarily regular) weighted graphs: if $G$ is an $n$-node weighted undirected graph of average combinatorial degree $d$ (that is, $G$ has $dn/2$ edges) and girth $g> 2d^{1/8}+1$, and if $λ_1 \leq λ_2 \leq \cdots λ_n$ are the eigenvalues of the (non-normalized) Laplacian of $G$, then \[ \frac {λ_n}{λ_2} \geq 1 + \frac 4{\sqrt d} - O \left( \frac 1{d^{\frac 58} }\right) \] (The Alon-Boppana theorem implies that if $G$ is unweighted and $d$-regular, then $\frac {λ_n}{λ_2} \geq 1 + \frac 4{\sqrt d} - O\left( \frac 1 d \right)$ if the diameter is at least $d^{1.5}$.) Our result implies a lower bound for spectral sparsifiers. A graph $H$ is a spectral $ε$-sparsifier of a graph $G$ if \[ L(G) \preceq L(H) \preceq (1+ε) L(G) \] where $L(G)$ is the Laplacian matrix of $G$ and $L(H)$ is the Laplacian matrix of $H$. Batson, Spielman and Srivastava proved that for every $G$ there is an $ε$-sparsifier $H$ of average degree $d$ where $ε\approx \frac {4\sqrt 2}{\sqrt d}$ and the edges of $H$ are a (weighted) subset of the edges of $G$. Batson, Spielman and Srivastava also show that the bound on $ε$ cannot be reduced below $\approx \frac 2{\sqrt d}$ when $G$ is a clique; our Alon-Boppana-type result implies that $ε$ cannot be reduced below $\approx \frac 4{\sqrt d}$ when $G$ comes from a family of expanders of super-constant degree and super-constant girth. The method of Batson, Spielman and Srivastava proves a more general result, about sparsifying sums of rank-one matrices, and their method applies to an "online" setting. We show that for the online matrix setting the $4\sqrt 2 / \sqrt d$ bound is tight, up to lower order terms.