Posts

Showing posts from June, 2022

New Main Stand

-
Image
  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 tatty main s
Post a Comment
Read more

Financial results 20-21

-
Image
  Financial results 20-21 Palace vs Arsenal 19 May 21 Quick Summary  The club made a loss of £42.8 million before tax  Would have made a loss even if COVID didn’t happen As the club estimated it reduced income by £13 million  Wages and amortisation of 121% of turnover,  UEFA replacement of FFP wants clubs to lower that down to 70% Other costs are 17% of turnover To make a break-even the club would need to sell £52 million worth of player registrations The net book value of players registrations is down to £35 million, due to low spending in recent seasons, Net book value is the cost of transfer fees not yet hit the P&L. This cleared space on P&L for a spending spree last summer Still waiting for WBA numbers but only two teams in Premier League made a profit  Total Revenue Palace are 4th or 5th Bottom 11th on wages in the Premier League Take that with a pinch of salt as Palace are reporting on 11 months and other are reporting 12 months. P&L is not cash in the bank Statutory
Post a Comment
Read more

Summer Transfer Window Preview

-
Image
  Situation, Textor funded last year's transfer windows with his investment. Now, this summer transfer window; I am not sure about the position of the club. Will it be another window of buying young players but not selling any? In the last two seasons, Palace has signed young players that will have resale value. These players will be sold in the future to fund future transfer sprees. Does the club want to sell before we buy this summer or are they going to continue as last summer? At the moment there aren't many noises that we are going to lose any of the young players but every player has a price. Wages & Amortisation Last published accounts the wages were £120 million for 12 months. Since that was reported Palace has released veteran players some of which were signed as free agents or marquee signings which means they would have high wages. They have been replaced with younger players that should have lower wages as they have less experience and are less of a sure thing.
Post a Comment
Location: Selhurst Park Stadium, Holmesdale Rd, London SE25 6PU, UK
Read more