public school boy
Banned
How much is it worth being promoted to the Premiership? It must be a pretty penny so where have Palace spent all those millions? Has most of it been used for clearing their debts?
How much is it worth being promoted to the Premiership? It must be a pretty penny so where have Palace spent all those millions? Has most of it been used for clearing their debts?
odd isnt it after all the billy big balls bragging that they havent seemingly spent any of this fortune. iir, the clubs get their money in three tranches with one at the beginning of the season (i may have invented this in my head, though sure i've seen it somewhere). even if not, the owners or even a bank would shirley loan on such a promise. i wasnt expecting them to spend an awful lot, they'd hedge their bets with a few "names" and spend on their delapidated stadium. no announcment on that either though.
on the other hand though, i dont think there's been many doing alot of big £ business other than Spurs this window.
My guess is Zaha money being used for transfers and PL money being put aside for future. Seems sensible to me
All of the 120 million pounds should be used to pay the poor b*stards whose livelihoods were brought to their knees at best by Palaces' 2 previous administrations. That wouldn't leave 'em much now would it?
Are you confusing them with Pompey? Even Palace didn't rack up quite that much.
Even the Zaha money probably isn't all paid in one go anyway. It seems pretty standard for clubs to pay transfer fees in installments.
In some small way, I feel I should defend them here- if they were to go out and spank millions on players (and they'll struggle, as most of their targets don't want to sign for Crystal Palace), firstly it might disrupt the harmony of the team who did after all (somehow) get promotion last season. They were far from world beaters then, but presumably togetherness and spirit got them a long way. They're going to need that more than ever this time around, so buying a few star names who earn three times more than the rest do might not be a good thing. Then, assuming they did that, and get relegated anyway, they're left with a large wage bill and disaffected players who can't be arsed with the Championship. I know they can have contract clauses that allow them to leave on relegation, but you still have to find a buyer.
So it's probably reasonable for them to tread cautiously. I don't think they actually wanted to be THIS cautious, but may not have a lot of choice. All this "£120 million" is, to a degree, hype anyway, as the Premier League don't just drop that money in cash round to your ground once you get promoted.
edna krabappel; So it's probably reasonable for them to tread cautiously. I don't think they actually wanted to be THIS cautious said:The £120 mill isn't hype though.
If we finish last, we will receive £63 mill.
This is followed by parachute payments of £15 mill for the first season,£17 mill for the second, followed by Two further payments of £8 million , making a grand total of £48 million.
Add to this increased revenue from sponsorship,attendances etc, and at least £6 mill from live tv and overseas royalties, it won't be far off.
The £120 mill isn't hype though.
If we finish last, we will receive £63 mill.
This is followed by parachute payments of £15 mill for the first season,£17 mill for the second, followed by Two further payments of £8 million , making a grand total of £48 million.
Add to this increased revenue from sponsorship,attendances etc, and at least £6 mill from live tv and overseas royalties, it won't be far off.