Crystal Palace publish 2020/21 financial records as chairman Steve Parish admits 'frustration'

Crystal Palace have published their full financial results for the Covid-impacted 2020/21 season.

The Eagles adjusted their accounts in March, meaning their recently-published figures only cover a period of 11 months from August 2020 to June 2021. That has somewhat affected their results compared to other Premier League sides who have published a full year’s worth of figures.

Palace’s total revenue was down from the previous year by just over £10million, largely down to the Covid-19 pandemic, which affected income across the board. Compared to the rest of the Premier League, this places them ahead of only Burnley, Sheffield United, Fulham and West Bromwich Albion. However, due to their shortened account periods, only 38 league matches are reflected by these numbers, while other sides account for 44 games.

The biggest hit taken by the club was through matchday revenue which shot down to £200,000 from £8.6million the season before due to the impact of playing the significant majority of their matches behind closed doors due to the pandemic. The club were allowed to welcome back a small number of supporters for the final handful of games but were almost entirely cut off from matchday revenue for most of the season.

Commercial income, which reflects things like advertising and sponsorship deals, were also hit with a £6.6million decline from the previous year though broadcast revenue increased slightly (£117.3million up from £112.8million) thanks to the Premier League's new TV deals for overseas broadcasters.

Palace's wages also went down though average weekly wages rose for the ninth year in a row. This is partly down to the club's accounts of 11 months rather than 12, raising their average due to the shorter time period