Palace reveal £58m loss and £30m covid hit

By David Owen

April 12 – The South London club Crystal Palace have announced a pre-tax loss of £58 million for 2019-20. This was after the accounting period was extended until the end of July. The Eagles are the third Premier League side so far to have adopted this business tactic, in spite of the inclusion of an extra month’s wages in operating costs for the period as a consequence.

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