It is often said that Premier League spending is spiralling out of control; an assumption backed up by new research which shows that 15 top flight clubs (including Crystal Palace) feature in world football’s highest 25 wage bills.
With yesterday having been the seven-year anniversary of CPFC2010 saving the club from certain extinction, the table above highlights the eye-watering progress the club have made since their arrival behind the scenes. There will undoubtedly be plenty who panic at the thought of future financial mismanagement from those pulling the strings but in truth, the growth we’ve experienced under Steve Parish and co. is built on far more solid foundations than ever before.
It’s also worth noting that Palace’s place on the list only accounts for the 2016-17 season, with the new £110,000-a-week deal signed by Wilfried Zaha a few days ago likely to bump us up another place before the summer transfer window has even kicked into gear.
Of course, the main driving factor allowing the likes of Palace, Sunderland and Swansea to go toe-to-toe with the giants of European football is the money thrown into their coffers by Sky Sports and BT Sport, but whilst the global appetite for Premier League football remains insatiable, the pound notes will continue to flood in.
Admittedly, it does seem utterly ridiculous to see that relegated Sunderland are paying more in wages than Atletico Madrid each week, it’s also crazy to list the massive clubs who don’t even feature within the top 25. Institutions such as Lazio, Napoli, Sevilla and Benfica are lagging well behind the likes of ourselves and Swansea, highlighting the comfort we are all afforded by the popularity the top flight enjoys all over the globe.
Just seven years ago, our fan-base were elated at the thought of bringing Owen Garvan and David Wright into the squad and it is thanks to men like them that we find ourselves here today. Their role in the evolving story of Crystal Palace FC should never be forgotten.