Football finance expert Kieran Maguire has been speaking on the latest edition of The Price of Football podcast about financial news from the world of football.
One of the topics that Maguire spent some time on was Crystal Palace’s latest financial results.
The Eagles released their latest results, and it seems like it is mainly good news for Palace.
He said: “The good news is the income stood up for 2019/20. It was more than West Ham, for example, which I think might surprise some people, although it does include the full Premier League season because Palace – and I think they did this very sensibly – they extended their accounts to the 31st of July.
“So, therefore, that included all 38 games from the Premier League last season, whereas those clubs that have only gone to the 30th of June only got 31 games.
“They did lose quite a lot of money, but again, looking at all of the clubs in the Premier League, the total losses are now running up [to] £1.1bn for 2019/20.
“So it was nothing major to be concerned about. I think the results will be better this season, despite the fact that we’ve got no people attending matches.
“The reason [why] they will be better is that the clubs have now got more of a control over costs; they had £58m of cash in the bank account [on] the 31st of July; that’s not too shabby.”
Are you bothered about Palace's finances?
No, we need to be doing better on the pitch
Yes, it is important
TIF Thoughts on Palace’s finances…
It seems as if the Eagles are actually in a good financial position, and if Maguire is correct, next season, they should be in an even better position.
We think this is good news; however, we imagine that many Palace fans are more interested in matters on the pitch, and this season hasn’t been great.
The Eagles have conceded 52 goals, the fourth-most in the league and only scored 33, so not the best, though, they are 12 points clear of the relegation zone, so can have no complaints on that front.
In other news: TalkSport pundit drops big claim on Zaha’s future at Crystal Palace