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Showing posts from June, 2021

New Main Stand

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  Now that academy is finished. Parish and co can go “hell for leather” for the new stand. Let's look into what it will mean for the club.  Increase in seats in the main stand of 7,873, reduction in Family stand of 594 and filling in the corner of Arthur Wait to add 683 seats. That would put the ground at 34,259. It would make Selhurst Park the 14th biggest club ground in England. Looking through the plans, It looks like the club will really increase its corporate facilities with two floors of the five-floor stand just being for corporate. It looks good for all budgets of hospitality. Watching padded seat on TikTok, I have noticed very different levels of hospitality. Before that, I used to think it was all very high-end. Actually, there are more affordable packages but still expensive.  New landmark I remember in the early days of cpfc2010 they replaced the gates to the stadium car park. Before that, if there was a news story about Palace. The go-to picture was of the ta...
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Crystal Palace and the Amortisation Hangover

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  The most common Palace finance question or comment is “Why doesn’t the club have any money”, or words to that effect. I think the issue amortisation charge combined with wages was too high. Let’s not start with the conclusion; Let’s start at the start.  Amortisation Basically, it’s a technical accounting word for spreading a cost of an intangible asset (non-physical asset). In Palace’s case will be the overall cost of signing a player. This will be the total of the transfer fee, signing fees (player bonus), and agent fees. On a simple example if Eze fee was £17 million, £1.5 million signing on fee, and £1.5 million agent fee (all made up numbers to make it simple); The cost of Eze on the per season is £4 million (Based on a 5-year contract).  Impairment So the amount of the Balance sheet has to be the lower market value or net book value (original total cost minus the cost that has already been reported). The netbook is the amount left to go into the profit and loss. So...
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