As Crystal Palace prepare for their fourth consecutive season in the Premier League they are slowly shaking off the tag of a yo-yo team, but how much have they spent to stay there in comparison to their rivals?
Although the last few weeks have seen the thoughts of most Palace fans dominated by worries over the first-team’s lack of striking options ahead of the opening game of the season at home to West Brom, we have seen the board splash the cash in the early stages of this summer’s transfer window with the arrivals of Andros Townsend, James Tomkins and Steve Mandanda coming in at a total expenditure of around £24 million.
This sum has been supplemented slightly by the sale of fourth choice goalkeeper Alex McCarthy, who left the club for Southampton a week or so ago, but it still leaves a lopsided figure in profit and loss column when summarising this year’s transfer activity in SE25; not that we’re the only ones with such a mark against our name.
The Premier League has always been known as the league that money built, but with this season’s dramatically increased TV contract, clubs have been afforded more disposable cash to splash than ever before, prompting many pundits to suggest that Manchester United’s imminent deal for Paul Pogba will trigger an avalanche of big-money deals across the country.
Having endured a turbulent financial past, Palace’s overall profit/loss figure during our Premier League tenancy is likely to surprise a few, as will the insane levels to which some of the clubs in the top six of the money league have gone in search of success.
It’s fair to assume that the totals listed in the article above will shift a tad between now and the end of this summer’s transfer window, but the overall placings in the division will remain broadly similar for the most part.
There is an insane amount of cash floating around in the upper reaches of the English game and for the time being, the desire flaunt it looks to be showing no signs of stopping.