The end of every season brings with it news of the players who aren’t having their contracts renewed in SE25 and this summer is no different, with 15 members of the squad shown the door.
Whilst fans are always keen to see new arrivals making their way to South London, it’s easy to forget the financial balancing act that takes place behind the scenes in relation to the collective wage bill that CPFC2010 and their new American investors are forced to foot each week, making the ramifications of this announcement all the more interesting.
Although we don’t know the exact amount each player on the attached “released list” was earning, it’s fair to assume that the overall sum comes in at more than £200,000 a week, which in anyone’s language, is a sizeable chunk of change.
Regardless of the astronomical bank balances afforded to Premier League football clubs in 2016, Financial Fair Play regulations force board members to think carefully about their spending patterns in the face of potential sanctions for monetary mismanagement. Admittedly, the new TV deal being ushered in for the 2016/17 campaign will raise the financial bar significantly, but with the same funding being given to all 20 top flight teams, the competition for players will remain as fierce as ever before.
There are some gigantic personalities amongst the 15 players Palace have decided to let go, signalling an end of an era in one or two cases. For some, this will trigger a mournful sense of nostalgia, but in truth, very few will argue with the choices made by the management team once the dust has truly settled regarding the news.
Just as Spring follows Winter, we can now look forward to the prospect of new signings in SE25 over the next month or two, as Steve Parish and Alan Pardew attempt to build a squad which is far more robustly prepared for the prospect of an injury crisis than the group we had last term.
Strength in depth would appear to be our main objective moving forward; it’s going to be incredibly interesting to see how we go about achieving that in the weeks to come.