Owners continue to inject capital into the club as Crystal Palace post £690,000 a week losses

8 April 2019

crystal palace annual accounts
Photo: Getty Images Crystal Palace chairman and co-owner Steve Parish, number three from left, saw transfer spending and wages go up in the 2017/2018 accounts. That led to a significant loss for the club.

Owners have pumped £46 million capital into the club since January 2017.

Wages costing 78 per cent of turnover.

Palace accounts reveal £35.9 million net losses.

Crystal Palace’s owners, including American investors Josh Harris and David Blitzer, financed the club to the tune of £690,000 a week last season, according to latest club accounts.

The Eagles have released their third set of annual accounts since the American pair joined chairman, Steve Parish, in a general partnership structure at Selhurst Park in December 2015.

Harris, Blitzer and Parish each own an 18 per cent stake in Palace under the new arrangement, with additional investors having smaller stakes.

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