Paul Newman: At least we haven't wasted money on Carlos Kickabout. Now bring on the season

Fan's View: The Crystal Palace owners see promotion as a great chance to secure the club's future

Last Thursday was a typical transfer window day for Crystal Palace supporters. We started it hoping for our most high-profile signing of the year, only to see Fulham beat us to the signature of Aston Villa's Darren Bent. Still, at least we learned that we had made another free transfer signing, having no doubt headed off a pack of clubs to recruit 35-year-old goalkeeper Neil Alexander, who was playing in the Scottish Third Division last year.

Nevertheless, after a summer in which we have made barely a ripple in the transfer market, you will hear few complaints from any Palace fans who possess more than a dollop of common sense. While other clubs have been liberally splashing their TV cash, we know that our owners see promotion to the Premier League as an outstanding chance to secure the future of a club that has twice gone into administration in the last 14 years following the stewardships of owners Mark Goldberg and Simon Jordan, whose fortunes melted away almost as quickly as they had made them in the dotcom and mobile-phone revolutions.

Our current owners – Stephen Browett, Jeremy Hosking, Martin Long and Steve Parish – are all lifelong Palace supporters who have built their own successful businesses through years of patient enterprise. No wonder the likes of Swansea City and West Bromwich Albion are their Premier League role models rather than Queens Park Rangers or Portsmouth.

The only players for whom we have paid fees this summer are Dwight Gayle, a £6m striker from Peterborough who was playing for Bishop's Stortford last year, Jose Campana, a £1.75m midfielder from Seville, and Stephen Dobbie, who completed a £850,000 move from Brighton after a spell on loan last season. More signings will be made before the transfer window closes, but nobody is expecting a spending free-for-all.

Some younger Palace fans might regret the fact that we have not been spending more of the TV-fuelled bonanza that will be coming our way. Like every club in the Premier League, we are guaranteed at least £60m this season even if we do not score a goal or win a point, with about as much again to follow in parachute money spread over the next four years if we are relegated.

Palace's transfer strategy has been based around not having a single player on the club's books who would be a liability if we lasted only one season in the Premier League. The squad will include players on decent wages, but they will be on loan deals, on one-year agreements or on contracts which will see their money drop in the event of relegation. Where substantial sums have been spent on transfer fees, they are for players who are young long-term prospects whose wages will not break the bank.

Most thinking Palace supporters are not envious of the likes of Cardiff City, who have broken their transfer record three times this summer, their recruits including £8m Steven Caulker, a Tottenham Hotspur reserve. Palace's owners, all too aware that selling clubs know how cash-rich the Premier League is, will not be held to ransom by other clubs.

The hope is that Ian Holloway, the manager, will have been given enough of a budget to ensure that Palace have more than a fighting chance of keeping their heads above water, while money can be set aside for more long-term projects. The need to budget for the future is underlined by the fact that in the Championship, where we were one of the thriftiest of clubs, we were losing between £3m and £5m every year, the shortfall made up either by the owners' largesse or by player sales.

Arguably Palace's best signing this summer was the £2m spent on buying back their training ground, which Jordan had sold off. Money has also been spent on Selhurst Park: a reflection of the club's long-term thinking is the fact that new seats have been installed in the main stand which can be used when the whole structure is rebuilt in the near future.

I for one am glad that my club are spending their money on the seat where I hope to watch my team for many years to come rather than on players who will probably have left by the time I have learned to pronounce their names.

Arts & Entertainment
Ricky Gervais at a screening of 'Muppets Most Wanted' in London last month
tvAs the second series of his divisive sitcom 'Derek' hits screens, the comedian on why he'll never bow to critics who habitually circle his work
News
news
Life & Style
Going down: Google's ambition to build an elevator into space isn't likely to be fulfilled any time soon
techTechnology giant’s scientists say there is no material strong enough for a cable from Earth into orbit
News
David Cameron sings a hymn during the enthronement service of The Most Rev Justin Welby as Archbishop of Canterbury, at Canterbury Cathedral last year
news
VIDEO
Have you tried new the Independent Digital Edition iPad app?
Life & Style
From long to Jong: Guy Pewsey outside Mo Nabbach’s M&M Hair Academy in west London before the haircut
fashionThe Independent heads to an Ealing hairdressers to try out the North Korean dictator's trademark do
Sport
Vito Mannone fails to keep out Samir Nasri's late strike
sportMan City 2 Sunderland 2: Keeper flaps at Nasri's late leveller, but Black Cat striker's two goals in 10 minutes had already done damage
Extras
indybest10 best smartphones
News
peopleRyan Gosling says yes, science says no. Take the A-list facial hair challenge
Arts & Entertainment
tvCreator Vince Gilligan sheds light on alternate endings
News
Paul Weller, aka the Modfather, performing at last year’s Isle of Wight Festival in Newport
people
Arts & Entertainment
Play It Forward: the DC Record Fair in Washington, US
musicIndependent music shops can offer a tempting alternative to downloads on Record Store Day
Sport
video
News
Supermarkets are running out of Easter Eggs
Deals make eggs cheaper than normal chocolate
Life & Style
Wasp factory: 1.3 million examples of the Vespa scooter have been sold in the last decade
motoringIconic Italian scooter still revving up millions of sales
Voices
voicesThe Ukip leader on why he's done nothing illegal
Caption competition
Caption competition
Have you tried new the Independent Digital Edition iPad app?
Daily Quiz
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

Day In a Page

Ricky Gervais: 'People are waiting for me to fail. If you think it's awful, then just don't watch it'

Ricky Gervais: 'People are waiting for me to fail'

As the second series of his divisive sitcom 'Derek' hits screens, the comedian tells James Rampton why he'll never bow to the critics who habitually circle his work
Google finds a lift into space will never get off the ground as there is no material strong enough for a cable from Earth into orbit

Google finds a lift into space will never get off the ground

Technology giant’s scientists say there is no material strong enough for a cable from Earth into orbit
Westminster is awash with tales of young men being sexually harassed - but it's far from being just a problem in politics

Is sexual harassment a fact of gay life?

Westminster is awash with tales of young men being sexually harassed - but it's far from being just a problem in politics
Kim Jong-un's haircut: The Independent heads to Ealing to try out the dictator's do

Our journalist tries out Kim Jong-un's haircut

The North Korean embassy in London complained when M&M Hair Academy used Kim Jong-un's image in the window. Curious, Guy Pewsey heads to the hair salon and surrenders to the clippers
A History of the First World War in 100 moments: A forgotten naval victory in which even Nature played a part

A History of the First World War in 100 moments

A forgotten naval victory in which even Nature played a part
Vespa rides on with launch of Primavera: Iconic Italian scooter still revving up millions of sales

Vespa rides on with launch of the Primavera

The Vespa has been a style icon since the 1950s and the release this month of its latest model confirms it has lost little of its lustre
Record Store Day: Independent music shops can offer a tempting alternative to downloads

Record Store Day celebrates independent music shops

This Saturday sees a host of events around the country to champion the sellers of well-grooved wax
10 best smartphones

10 best smartphones

With a number of new smartphones on the market, we round up the best around, including some more established models
Homelessness: Why is the supported lodgings lifeline under threat?

Why is the supported lodgings lifeline under threat?

Zubairi Sentongo swapped poverty in Uganda for homelessness in Britain. But a YMCA scheme connected him with a couple offering warmth and shelter
A History of the First World War in 100 Moments: When the world’s biggest shed took over Regent’s Park

A History of the First World War in 100 Moments

When the world’s biggest shed took over Regent’s Park
The pain of IVF

The pain of IVF

As an Italian woman vows to keep the babies from someone else’s eggs, Julian Baggini ponders how the reality of childbirth is often messier than the natural ideal
Supersize art

Is big better? Britain's latest super-sized art

The Kelpies are the latest addition to a growing army of giant sculptures. But naysayers are asking what a pair of gigantic horse heads tells us about Falkirk?
James Dean: Back on the big screen

James Dean: Back on the big screen

As 'Rebel without a Cause' is re-released, Geoffrey Macnab reveals how its star perfected his moody act
Catch-22: How the cult classic was adapted for the stage

How a cult classic was adapted for the stage

More than half a century after it was published 'Catch-22' will make its British stage debut next week
10 best activity books for children

10 best activity books for children

Keep little ones busy this bank holiday with one of these creative, educational and fun books