Crystal Palace have reported a trading loss after tax of £2.2m for twelve months to June 2012. This compares with a loss of £9.4m in the previous corresponding period. It also compares well with recent results from other Championship clubs who do not benefit from parachute payments or wealthy foreign owners. Charlton, Ipswich and Sheffield Wednesday have all reported larger operating losses.
The club also has £13.3m in hand in respect of player sales. This is thought to be largely the result of the sale of Zaha to Manchester United.
Crystal Palace have reported a trading loss after tax of £2.2m for twelve months to June 2012. This compares with a loss of £9.4m in the previous corresponding period. It also compares well with recent results from other Championship clubs who do not benefit from parachute payments or wealthy foreign owners. Charlton, Ipswich and Sheffield Wednesday have all reported larger operating losses.
The club also has £13.3m in hand in respect of player sales. This is thought to be largely the result of the sale of Zaha to Manchester United.
With West Ham securing the tenancy of the Olympics Stadium, the question of Crystal Palace moving to their original 1905 home at what is now the National Sports Centre Athletics Stadium has been raised again. This would be an alternative to the redevelopment of Selhurst Park.