Crystal Palace has reported losses of £35.5m ($46.3m) for the 2017/18 season, the biggest loss of the 18 Premier League teams that have so far released their financial results. The club reported nearly £12m in profits the previous year. Commercial Director Webber said the financial rewards of staying in the top-flight division and player assets offset the losses. Turnover reached a record £150m for the season, £121m of which came from broadcasting rights and prize money, while commercial revenue increased 16% to £26.1m.
Crystal Palace has reported losses of £35.5m ($46.3m) for the 2017/18 season, the biggest loss of the 18 Premier League teams that have so far released their financial results. The club reported nearly £12m in profits the previous year. Commercial Director Barry Webber said the financial rewards of staying in the top-flight division and player assets offset the losses. Turnover reached a record £150m for the season, £121m of which came from broadcasting rights and prize money, while commercial revenue increased 16% to £26.1m.