Crystal Palace’s 2021/22 financial results covered a season that chairman Steve Parish described as “unquestionably another one of progression”, as they improved their position in the Premier League from 14th to 12th and reached the FA Cup semi-finals.
Manager Roy Hodgson was replaced by Patrick Vieira in July 2021, but the wise old head has recently returned to Selhurst Park after a poor run of form.
Palace’s pre-tax loss narrowed from £40m to £24m, as revenue rose £26m (19%) from £134m to a club record £160m, though this was partially offset by profit from player sales dropping from £10m to zero.
Operating expenses slightly decreased by £3m (1%) to £180m, but net interest payable more than doubled from £1.9m to £4.4m.
The main reason for the revenue increase was the return of fans to the stadium, which led to a steep increase in match day, up from only £247k to £11.5m, and also helped drive £5m (31%) growth in commercial income from £17m to £22m, another club high.
Broadcasting income was also higher, rising £9m (8%) from £117m to £126m, which was once again a new club record.
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