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.

PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
Life and Style
techYahoo Japan launches service to delete your files and email your relatives when you die
Life and Style
Child's play: letting young people roam outdoors directly contradicts the current climate
lifeHow much independence should children have?
Arts and Entertainment
Tycoons' text: Warren Buffett and Bill Gates both cite John Brookes' 'Business Adventures' as their favourite book
booksFind out why America's richest men are reading John Brookes
News
i100
Arts and Entertainment
<p><strong>2008</strong></p>
<p>Troubled actor Robert Downey Jr cements his comeback from drug problems by bagging the lead role in Iron Man. Two further films follow</p>
filmRobert Downey Jr named Hollywood's highest paid actor for second year running
Life and Style
Dale Bolinger arranged to meet the girl via a fetish website
life
Property
Sign here, please: Magna Carta Island
propertyYours for a cool £4m
Caption competition
Caption competition
Have you tried new the Independent Digital Edition apps?

Bleacher Report

Daily Quiz
Independent Dating
and  

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

Day In a Page

Some are reformed drug addicts. Some are single mums. All are on benefits. But now these so-called 'scroungers’ are fighting back

The 'scroungers’ fight back

The welfare claimants battling to alter stereotypes
Amazing video shows Nasa 'flame extinguishment experiment' in action

Fireballs in space

Amazing video shows Nasa's 'flame extinguishment experiment' in action
A Bible for billionaires

A Bible for billionaires

Find out why America's richest men are reading John Brookes
Paranoid parenting is on the rise - and our children are suffering because of it

Paranoid parenting is on the rise

And our children are suffering because of it
For sale: Island where the Magna Carta was sealed

Magna Carta Island goes on sale

Yours for a cool £4m
Phone hacking scandal special report: The slide into crime at the 'News of the World'

The hacker's tale: the slide into crime at the 'News of the World'

Glenn Mulcaire was jailed for six months for intercepting phone messages. James Hanning tells his story in a new book. This is an extract
We flinch, but there are degrees of paedophilia

We flinch, but there are degrees of paedophilia

Child abusers are not all the same, yet the idea of treating them differently in relation to the severity of their crimes has somehow become controversial
The truth about conspiracy theories is that some require considering

The truth about conspiracy theories is that some require considering

For instance, did Isis kill the Israeli teenagers to trigger a war, asks Patrick Cockburn
Alistair Carmichael: 'The UK as a whole is greater than the sum of its parts'

Alistair Carmichael: 'The UK as a whole is greater than the sum of its parts'

Meet the man who doesn't want to go down in history as the country's last Scottish Secretary
Legoland Windsor's master model-makers reveal the tricks of their trade (including how to stop the kids wrecking your Eiffel Tower)

Meet the people who play with Lego for a living

They are the master builders: Lego's crack team of model-makers, who have just glued down the last of 650,000 bricks as they recreate Paris in Windsor. Susie Mesure goes behind the scenes
The 20 best days out for the summer holidays: From Spitfires to summer ferry sailings

20 best days out for the summer holidays

From summer ferry sailings in Tyne and Wear and adventure days at Bear Grylls Survival Academy to Spitfires at the Imperial War Museum Duxford and bog-snorkelling at the World Alternative Games...
Open-air theatres: If all the world is a stage, then everyone gets in on the act

All the wood’s a stage

Open-air productions are the cue for better box-office receipts, new audiences, more interesting artistic challenges – and a picnic
Rand Paul is a Republican with an eye on the world

Rupert Cornwell: A Republican with an eye on the world

Rand Paul is laying out his presidential stall by taking on his party's disastrous record on foreign policy
Self-preservation society: Pickles are moving from the side of your plate to become the star dish

Self-preservation society

Pickles are moving from the side of your plate to become the star dish
Generation gap opens a career sinkhole

Britons live ever longer, but still society persists in glorifying youth

We are living longer but considered 'past it' younger, the reshuffle suggests. There may be trouble ahead, says DJ Taylor