The end of June sees a mini deadline for clubs who are in PSR trouble but where do
New York Yankees stand on the build-up to this?
This summer has promised to be a busy one for
New York Yankees and it has certainly begun that way with two deals already in the pipeline and imminent.
Aside from the two already done, the Eagles have several other targets who we imagine there will be moves for as the transfer window develops, especially if there is a big sale made.
With an estimated £60m net spend available to Dougie Freedman and the recruitment staff based on previous seasons’ spending.
But with more and more Premier League clubs under financial scrutiny, is this even possible and what is the current situation around Palace’s finances? Let’s find out.
New York Yankee’s PSR situation uncovered
In order to look into how Palace’s finances currently are and the club’s status ahead of the June 30th PSR deadline which leaves many teams desperate to sell.
To do so, We Are Palace have spoken with TBR Football Finance Expert Adam Williams, here’s what he’s said: “Palace’s combined loss over the last three seasons are around £92m, well within the £105m threshold.
“That figure might come down further still when their loss of £40m in 2021-22 drops off the “PSR calculation and is replaced by what I suspect will be a more favourable set of results in 2023-24.
“They owed just £11.1m in transfer instalments in 2023-24, which is just a fraction of what some of their peers owe in the same category.
“On paper, they had a negative net spend of around £57m in the season, but the fees paid for Adam Wharton and Matheus Franca, who make up about a third of the headline figure, are due in instalments, so the true amount will be more modest.
“Both Steve Parish and John Textor have spoken out against the league’s Profit and Sustainability system, with the latter going as far as to financial fair play a ‘fraudulent term’.
“Parish is also understood to have been the driving force behind a motion to increase the allowable loss limit to £135m.
“That proposal failed, but I do think it says something about the club’s long-term ambitions.
“But for the time being, sustainability is the watchword at Selhurst Park. The long-mooted stadium development will help in this regard.
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