Crystal Palace are set for the big time after defeating Watford 1-0 in the Championship playoff final on Monday, landing the club a minimum £120m jackpot.
Kevin Phillips’ extra-time penalty earned the Eagles a return to the Premier League after eight years in exile and they will earn at least £60m from TV revenue next year, plus an enormous windfall in parachute payments even if they go down.
According to recent football betting news, boss Ian Holloway predicts promotion can inspire Palace to start redeveloping their aged Selhurst Park ground or possibly relocate thanks to the money Premier League football brings. This can only be a good thing for the club and its supporters, many of who must have taken advantage of bet 365’s in-play bet offer during the playoff final and backed their team for glory late on.
A new stadium or upgrade to Selhurst Park could boost Palace’s capacity to upwards of 35,000 and they certainty have the fan base to fill those extra seats. They’ll rekindle some bitter London rivalries next season, with Arsenal, Chelsea, Spurs and West Ham all heading south of the capital and a redeveloped ground would befit top-flight football. Yet Holloway must also strike a balance between investing the cash in capital and spending on playing staff, for Palace need an addition or two if they’re to survive that crucial first season.
Wilfried Zaha is on his way to Old Trafford while Phillips is unlikely to stay around at his age, so Holloway must strengthen the forward line to stand a chance in the Premier League. The boss came agonisingly close on a shoestring budget with Blackpool and next term is likely to push the relegation battle to the last day in search of a second season in the big time.