As per @KieranMaguire

Crystal Palace publish 21/22 accounts. 🔑 figures
Revenue UP 21% to £160m
Wages DOWN 5% to £124m
Losses DOWN 60% to £20m
Player purchases £89m
Player sales £0m

Palace have total borrowings of £82m

Net debt of £108.9m

Does this mean loans in the summer or cash in on player sales to fund recruitment?

"The Board considers the following key performance indicators to give the most relevant indicators of business performance.
While the 21/22 accounts represent a return to a ‘normal’ 12 month trading period the comparatives
reflect an 11 month financial year. This period was adjusted to take account of the extended 19/20 season
and resulting 13 month trading period in 19/20 to complete the fixtures following a delay caused by the
Covid-19 pandemic. While there is no significant impact on Turnover from the accounting period length,
as a full season’s fixtures and Premier League revenue are included in both periods, there was a negative
impact on 20/21 results from games being played largely behind closed doors to the tune of £15.5m."

FY 2021-2022 ---FY 2020-2021
Final league position 12th --- 14th
TV matches 16 --- 14
(£’000’s) ---(£’000’s)
Turnover 159,999 --- 134,383
Total player wage costs 101,034 --- 112,256
Player wage costs/turnover 63% ---84%
Operating expenses (excluding depreciation,
amortisation and impairment)
(143,293)--- (143,969)
Operating profit/(loss) before depreciation
and amortisation (EBITDA)
16,706 --- (9,586)
(Loss) before tax (24,229)--- (40,261)
Net Liabilities (33,447)---(89,368 )

Edited by derfes (12 Apr 2023 10.48pm)

What we do in the summer will be dictated by THIS year's financial position, not last year's.

Palace since 19 August 1972. Palace 1 (Tony Taylor) Liverpool 1 (Emlyn Hughes)

That is true and you are right, the fans have no idea about Steve’s lavish lifestyle or the piggy bank. However, in the most recent accounts we can assume we have still had no major player sales (to date), the wage bill hasn’t halved and the has been no new investment.

In the last 3 financial years, our net debt has continued to grow (now beyond £100m), we are borrowing more money and in the last 10 years, there has been no clear strategy on how we are going to pay all this back?

I presume then that the fanciful rumour that Zaha is to be offered a new contract worth a reputed £200k pw is just that, fanciful?

Zaha, Ferguson, Luka, McArthur, Tomkins, Ward, Clyne and Butland are a combined total of about 21m a year, and only a Wilf and a RB are definitely needed replacements, i would only offer Ward a extra year.

“That’s a joke son, I say, that’s a joke.” “Nice boy, but he’s sharp as a throw pillow.” “He’s so dumb he thinks a Mexican border pays rent” “ “Son… I say, son, some people are so narrow minded they can look through a keyhole with both eyes.”__ Forhorn Leghorn