Crystal Palace announcement set to land extra £10m-a-year as Selhurst Park numbers crunched
Crystal Palace could net an extra £10million in matchday revenue if they push through with their plans to expand Selhurst Park.
That is according to football finance expert Dr Dan Plumley, who has exclusively told Football Insider that Crystal Palace are looking for “long-term gain” from the project.
Selhurst Park currently holds just over 25,000 spectators, and Crystal Palace have decided against building a new stadium.
Goldman Sachs will loan Crystal Palace £125m to support the financing of their Selhurst Park redevelopment, which will make the project cheaper for the club.
Crystal Palace set for ‘beneficial’ financial gain
Speaking exclusively to Football Insider, Plumley says the plans are “ambitious“, and the Eagles will feel the benefits.
“An example of a good plan, an ambitious one, but with some real financial upside,” Plumley said.
“Of course, you’ve got to take out all the debt in the first instance and Goldman Sachs lending a hand to that would be beneficial for the club. You’re looking at long-term gain. And again, if we run some rough numbers on Palace, you’re adding in around eight and a half thousand seats.
“If we assume those seats are general seats, Palace’s average adult ticket price is around £60. That’s going to generate around an extra £500,000 per match day at least. Over the course of the Premier League season, that could be around £9m to £10m over the season in the long run.
“And then again, for context, Palace’s overall match day revenue in 2023-24 was £13.8m. So, you know, these kinds of clubs are looking to grow revenue as much as others, and this is a way you can do it.
“And their match day revenue will be far lower than some of the biggest clubs in the Premier League. So, you know, it makes sense why these clubs are looking at doing it.”
Crystal Palace concerns as exodus looms
Crystal Palace are fearful there could be a mass exodus of players alongside manager Oliver Glasner at the end of the season.
Glasner’s contract expires at the end of the season, and the Austrian is of interest to many clubs for the work he has done at Selhurst Park.
The 51-year-old is also frustrated at the club’s lack of spending in the transfer market, which he believes has dented their chances of another successful campaign.