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Showing posts from July, 2022

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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How does Amortisation work within Football?

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 The most common topic within football finance is the accounting of football transfers. Let's start by defining some terms as accountants love jargon; it makes us sound smart. After that, we will dig into the numbers. Amortisation; Spreading of the cost of the player over life of the contract Intangible asset; Something that cannot be touched that has value and can be traded, Players registration; This is the thing that is actually getting amortised not that actual player. Depreciation; Similar to Amortisation but with physical assets (More common than Amortisation so more people are aware of it).  P&L; Over a time period this is how the company has been performing financially. Difficult to see just from looking at cash if the month/year has been good or bad so we use the P&L to make sense of how a company is doing financially. This isn’t what is happening with the bank account and the treasury function will monitor that.  Balance sheet; A snapshot of Assets and L...
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