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?
Caption competition
Caption competition
Latest stories from i100
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

Isis hostage crisis: The prisoner swap has only one purpose for the militants - recognition its Islamic State exists and that foreign nations acknowledge its power

Isis hostage crisis

The prisoner swap has only one purpose for the militants - recognition its Islamic State exists and that foreign nations acknowledge its power, says Robert Fisk
Missing salvage expert who found $50m of sunken treasure before disappearing, tracked down at last

The runaway buccaneers and the ship full of gold

Salvage expert Tommy Thompson found sunken treasure worth millions. Then he vanished... until now
Homeless Veterans appeal: ‘If you’re hard on the world you are hard on yourself’

Homeless Veterans appeal: ‘If you’re hard on the world you are hard on yourself’

Maverick artist Grayson Perry backs our campaign
Assisted Dying Bill: I want to be able to decide about my own death - I want to have control of my life

Assisted Dying Bill: 'I want control of my life'

This week the Assisted Dying Bill is debated in the Lords. Virginia Ironside, who has already made plans for her own self-deliverance, argues that it's time we allowed people a humane, compassionate death
Move over, kale - cabbage is the new rising star

Cabbage is king again

Sophie Morris banishes thoughts of soggy school dinners and turns over a new leaf
11 best winter skin treats

Give your moisturiser a helping hand: 11 best winter skin treats

Get an extra boost of nourishment from one of these hard-working products
Paul Scholes column: The more Jose Mourinho attempts to influence match officials, the more they are likely to ignore him

Paul Scholes column

The more Jose Mourinho attempts to influence match officials, the more they are likely to ignore him
Frank Warren column: No cigar, but pots of money: here come the Cubans

Frank Warren's Ringside

No cigar, but pots of money: here come the Cubans
Isis hostage crisis: Militant group stands strong as its numerous enemies fail to find a common plan to defeat it

Isis stands strong as its numerous enemies fail to find a common plan to defeat it

The jihadis are being squeezed militarily and economically, but there is no sign of an implosion, says Patrick Cockburn
Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action

Virtual reality: Seeing is believing

Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action
Homeless Veterans appeal: MP says Coalition ‘not doing enough’

Homeless Veterans appeal

MP says Coalition ‘not doing enough’ to help
Larry David, Steve Coogan and other comedians share stories of depression in new documentary

Comedians share stories of depression

The director of the new documentary, Kevin Pollak, tells Jessica Barrett how he got them to talk
Has The Archers lost the plot with it's spicy storylines?

Has The Archers lost the plot?

A growing number of listeners are voicing their discontent over the rural soap's spicy storylines; so loudly that even the BBC's director-general seems worried, says Simon Kelner
English Heritage adds 14 post-war office buildings to its protected lists

14 office buildings added to protected lists

Christopher Beanland explores the underrated appeal of these palaces of pen-pushing
Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Scientists unearthed the cranial fragments from Manot Cave in West Galilee