Financial Report: Wan-Bissaka sale saves Crystal Palace from major loss
29 May 2020
The club recorded a pre-tax profit of £5.5 million last season only thanks to what Crystal Palace called the "necessary" sale of Aaron Wan-Bissaka.
High spending on amortisation and wages meant the club's operating loss before player sales stood at almost £40 million.
Palace last month took on new external debt to see them through the current crisis.
The £45 million sale of Aaron Wan-Bissaka to Manchester United saved Crystal Palace from recording a major loss last season, their just-released financial report has revealed.
Instead, the London-club made a pre-tax profit of £5.5 million (£35.5 million loss the year before) in their sixth consecutive year in the Premier League where they secured an additional season in the English top flight by finishing 12th.
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