Crystal Palace lose £ 40m but fresh impetus may be on its way

CRYSTAL PALACE finished in a comfortable 12th place in the Premier League in 2021-22, two places up on the 2020-21 season which proved to be manager Roy Hodgson’s last year at Selhurst Park. Hodgson was replaced by former Arsenal and France midfielder Patrick Vieira, and in addition to the credible league placing, Palace also reached the last four of the FA Cup in his first campaign in charge.

The 2020-21 campaign saw Palace make a pre-tax loss of £ 40.2 million, somewhat better than the £ 57.9 million deficit of the previous season. The club estimated the covid-19 pandemic cost them £ 21. 5 million across two seasons. It should be noted that Palace’s 2020-21 figures are based on an 11-month timeframe rather than the usual 12 months.

Palace’s turnover was down from £ 142.3 million to £ 134.4 million, a drop of around 5%. Although broadcasting revenues increased by 4% to £ 117.3 million, matchday income was wiped out (just £ 0.2 million versus £ 8.6 million in 2019-20), and the commercial stream fell by almost 20% to £ 16.9 million. Their commercial earnings are a fraction of their London rivals – West Ham’s are double and Palace’s £ 14 million is just 10% of the amount generated by Arsenal, Chelsea and Tottenham. Matchday income, in a normal season, should produce more than £ 10 million, which is still very modest.

Palace’s total wage bill totalled £ 127 million, down by more than 4% and representing a wage-to-income ratio of 94%. Football finance guru Kieran Maguire calculated that Palace’s average weekly wage in 2020-21 was £ 64,400, which equates to a mid-table placing. Although one of the lowest spenders in the Premier League, Palace did pay £ 16 million for QPR’s Eberechi Eze, a transfer that may look better as time progresses. The club’s profit on player sales totalled £ 9.6 million, a considerable improvement on 2019-20. Meanwhile, the Palace academy has been producing a stream of promising talent and in 2020-21 a number of players started to emerge.

However, Palace continue to lose money on an annual basis and were losing £ 1 million per week in 2020-21. Continued membership of the Premier League is vital to the club, but the financial situation will surely be improved by the arrival of John Textor as investor, director and partner. As Steve Parish, the club’s chairman, said: “We have been looking for the right investor and right investment for some time.” The impact of Textor’s involvement will doubtless reveal itself in 2021-22’s financials. Textor, from Missouri, USA, is a majority shareholder at Brazilian club Botafogo and Belgium’s Molenbeek.

Palace are somewhat hampered by a relatively low level of matchday income and despite Selhurst being a popular venue with home and away fans, the ground does need an overhaul. There is a proposed programme that will raise the capacity of the stadium from 25,486 to 34,259 highlighted by a glass frontage that reflects the club’s history. The plan is to start work on the £ 100 million scheme late in 2022, although there have been a number of hurdles for the club. A revitalised Selhurst Park may be the springboard the club needs to step up to the next level and challenge for a European slot.

Good game, good game – the Generation Cup gets underway

EVERY now and then, an event comes along which reminds you why you like football and why local clubs provide so much pleasure to so many people. Player reunions can become a little “all our yesterdays” but in an era where non-league football seems to have fewer characters, even fewer clubmen and a lack of continuity, the Generation Cup provided an opportunity to catch a final glimpse of some old favourites.

At Hitchin Town, present day descendants of the first Hitchin club hosted a three-team group in the innovative competition devised to commemorate the very first FA Cup of 1871-72. The group comprised Crystal Palace (a modern version of the team from Sydenham Hill that played in 1871) and Maidenhead United.

Top Field has staged many FA Cup ties over the years and Hitchin’s cup history has had some high points, notably in the mid-1990s when they disposed of Hereford United and Bristol Rovers in 1994 and 1995 respectively. Some of the heroes from those teams, such as Ian Scott, Jon Bone and Lee Burns, not to mention skipper Mark Burke, now the Hitchin manager, were rolled-out to represent the club. Waistlines might be thicker, hair conspicuous by its absence in some places, but it was a pleasure to see some of the old boys on the Top Field turf once more.

It was also good to see Brian Talbot, formerly of Ipswich Town and Arsenal and twice FA Cup winner, don the Hitchin shirt as a special guest at the age of 68. He has winners’ medals from 1978 when Ipswich beat Arsenal 1-0 and 1979 when he featured in Arsenal’s 3-2 victory against Manchester United and scored the Gunners’ first goal.

Talbot was an excellent midfielder who arguably deserved more than the half dozen England caps he won between 1977 and 1980. He moved from Ipswich to Arsenal in January 1979 for a very sizeable £ 450,000 and in 1979-80, played in every one of Arsenal’s 70 games. Brian’s son, Danny, also turned-out for Hitchin as a guest.

The competition kicked off with a 3-3 draw between Hitchin and Maidenhead, the home side throwing away a three-goal lead. Comebacks were very much part of the afternoon, for Crystal Palace, losing 2-0 and 3-1 in the second 50-minute game against Maidenhead, scored twice and also drew 3-3. There was no lack of entertainment, even if it was at a slower, more deliberate pace! It was a pity more people didn’t drop by Top Field, but if there is criticism of the event, it is that the publicity was a little scant.

The final game in the group, with everything up for grabs, saw Palace easily beat Hitchin 4-0. The fuschia-shirted Hitchin team had lost its legs by then while Palace, whose team was somewhat younger and fitter, strolled to victory. This meant the south London side had won the group and therefore moved on to St. George’s Park for the finals in March 2022.

The competition continues in November with another six teams (Reigate Priory, Clapham Rovers, Upton Park, Royal Engineers, Wanderers and the Civil Service) taking the field at Reigate Priory on November 7. 

The Generation Cup: The “old boys” and the FA Cup

GIVEN the nation is in the grip of Old Etonian dominance (two or our most recent Prime Ministers were members of the infamous Bullingdon Club), it is worth recalling in this 150th year of the FA Cup, that the competition threatened to become the jealously-guarded property of the privileged classes.

The Downton Abbey-esque English Game, a drama written by Julian Fellowes, gave a somewhat tame and polished view of the early days of the FA Cup. It highlighted the prejudice of the south towards the north – in one scene, a member of the Old Etonians, working for a bank, was asked to go to Lancashire. The look of fear on his face highlighted how people once viewed northern England with great suspicion. At the time, though, the north dealt in reverse snobbery, regarding the well-heeled, well-educated and well-fed southerners as pampered folk leading far easier and safer lives. 

The English Game could not resist a few cliches that underlined that the sport was rapidly becoming the pastime of the sweaty, horny-handed sons of the soil. I experienced this prejudice when I started my career in the mid-1970s, the public school fraternity at my workplace referring to me as “Comp” because I had come from an Essex comprehensive school.

The Old Etonians were one of a number of teams from the Old Boy network who championed the game and made their mark in the early years of the FA Cup. Their first appearance in the competition was in 1874-75 when they reached the final but lost to the Royal Engineers after a replay. The following season, they were beaten finalists again, this time losing to the Wanderers.

The early star of the FA Cup was Alfred Lord Kinnaird, who played in nine finals, winning five with firstly the Wanderers (1873, 1877 and 1878) and then the Old Etonians (1879 and 1882). Kinnaird’s lifetime achievements marks him as a man very much of his time, as well as a prominent figure in the development of football, he was also president of the YMCA, a director of Barclays Bank and Lord High Commissioner to the General Assembly of the Church of Scotland. He was president of the Football Association between 1890 and 1923 and when he studied at Cambridge University, he was a tennis blue and a champion swimmer. As a footballer, Kinnaird was reputed to be the toughest of all tacklers and was not shy in using strong-arm techniques against his opponents. He was, nevertheless, capped by Scotland.

The Old Etonians won their first FA Cup in 1878-79 in what was considered to be the poorest final to date. They had beaten old rivals Wanderers 7-2 away, Reading, Minerva, Darwen (after three meetings) and Nottingham Forest on the way to the final at the Kennington Oval where Clapham Rovers awaited them. The winning goal came from 21 year-old Charles Clerke, another interesting character who became a gentleman farmer in Hampshire. Sadly, Clerke lost his son on the beaches of Dunkirk in 1940.

In 1881, the Old Carthusians became the second OB team to win the competition, beating the Etonians in the final. The Carthusians were old boys from Charterhouse, the school that was the starting point for the rock band Genesis, among other well-known figures. The Carthusians, in 1888, were interested in joining the Football League but were not asked to become part of the competition. One notable Old Carthusian was Andrew Amos, who would play for the first Hitchin football club and also win two caps for England. In the 1881 final, the Carthusians easily beat the Etonians by 3-0.

The day of the gifted amateur was coming to a close, however, although the Etonians won the cup in 1882. The turning point came on March 31, 1883 at the Oval. Blackburn Olympic, a team founded in 1878, beat the Etonians 3-0 to become the first team from the north to win the competition, ending the dominance of southern clubs. The old boys never went close again. Blackburn had professionals in their line-up, which was not to the Etonians liking. This was a seismic moment in the history of the game and prompted calls for the Football Association to investigate the finances of the northern clubs. Success, it would seem, has always been bought!