Palace tightening their belts

Crystal Palace’s days of relatively heavy spending appear to have curtailed, with chairman Steve Parish and his American investors showing no signs of financing a mass influx of new signings during this transfer window.

The South London club, now entering its sixth consecutive Premier League season, have spent large sums of money in recent times on players such as Christian Benteke and Mamadou Sakho, who cost around £30 million each.

The Palace board also outlayed sizeable fees on the likes of Andros Townsend, Patrick van Aanholt and Luka Milivojevic in recent windows in a bid to establish the club in the Premier League.

Naturally, big names command big wages, and the latest data shows that the Eagles spend a higher proportion of their income on player wages than any other Premier League club, with approximately £78 of every £100 worth of revenue spent servicing the wage bill.

Parish has recently hinted that there will be no further major reinforcements, following the arrival of Spanish goalkeeper Vicente Guaita from Getafe on a free transfer.

Meanwhile, manager Roy Hodgson, who guided Palace to safety last season after their poor start, has suggested that he would like to bring in some new faces, but admits that financial constraints may prevent him from doing so.

“There’s still time in the window, and the club; Doug Freedman and Steve Parish know very well and have got a very clear idea of what I would like, it’s just whether we can get them, and that is a question of funds,” he said.

With Yohan Cabaye and Bakary Sako moving on after rejecting new contracts, and Ruben Loftus-Cheek set to return to Chelsea following his successful loan spell at Selhurst Park, fans will be desperate to ensure that new signings are not funded by the sale of star man Wilfried Zaha.

The Ivorian is reportedly stalling over a new contract amid continued interest from several clubs, including Bundesliga giants Borussia Dortmund, while Andros Townsend has been a long term target for both Leicester and Newcastle.

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The Palace squad are currently on a pre-season tour of Scandinavia, joined by long servants Joel Ward and Julian Speroni, who have both agreed new deals at the club.