Plenty of Crystal Palace fans have been giving their thoughts on the club’s financial accounts, posted by football finance expert Kieran Maguire on Twitter over the weekend.
Maguire shared the document on Saturday morning just hours prior to the club’s 4-1 defeat at home to Thomas Tuchel’s Chelsea. The major talking points in the accounts running from June 2019 to July 2020 were a £58m loss and 93% of the income going on wages.
Palace have 12 players out of contract in the summer, as well as manager Roy Hodgson, and it seems as if a huge club rebuild will get the green light over the coming months. Reports elsewhere recently have linked Wilfried Zaha with a move to Arsenal, whereas The Telegraph claimed that the Eagles could go on a £50m summer spending spree.
Should Palace get rid of Hodgson this summer?
Palace fans react
Here is what these Palace fans had to say in reply to Maguire’s post over the weekend, with many sharing their concerns as one opined that chairman Steve Parish “missed a trick” in some aspects.
“93% of income spent on wages. An average player salary of approx £57k per week. Yikes.”
“This means #RoyIn doesn’t it?“
“Roy extension imminent”
“We’re gonna have to let every person out of contract walk, no way we should be putting 90% of our income on wages alone”
“What makes the high wages worse is the fact that we’ve got one of the oldest squads in the league (depreciating assets) & some of the high earners haven’t contributed nowhere near the level they make. Summer couldn’t come sooner.”
“Should’ve put the players on furlough for those 3 months of lockdown last year and got the taxpayers to pay them. Parish missed a trick here”
In other news: Many CPFC fans fume at latest setback to Palace ace, find out more here.
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