Revealed: Crystal Palace on track to land £22m jackpot after green light
Crystal Palace are set to grow their annual matchday revenue to £22million following the expansion to Selhurst Park, Football Insider understands.
The Eagles are set to expand their home ground by constructing a new Main Stand which will add over 8,000 seats to the stadium’s capacity.
The London club posted matchday revenue of £14.1million in their latest 2021/22 accounts, but Palace hope to grow that figure to around £22million per season once the expansion is complete.
Construction on the project is set to begin in the summer of 2024.
The stadium’s new Main Stand will have a total capacity of 13,500 while other areas of the ground are set to be renovated and a new fan zone built.
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The new stand will have three tiers of seating, a new club shop, museum and cafe according to Palace’s official website.
Fans are also set to be offered new hospitality packages within the stand which will provide a further boost to matchday revenue figures.
Despite setting an initial budget of around £100million, it is understood that the project will now cost around £150million to complete.
Palace are currently in the process of hiring a main contractor to be responsible for their stadium project.
The club recently secured the relocation of residents living nearby the venue, which had previously delayed the start of construction.