CRYSTAL PALACE have picked up a 22.5million windfall from Aaron Wan-Bissaka’s Manchester United transfer.
The Eagles have cashed in after Australia bank Macquarie gave them a loan for part of the money they were due to receive for the 21-year-old defender.
United owe the South Londoners 50m for the deal that took the England defender to Old Trafford.
This payment was set to take place in nine months’ time.
But they will now make the payment to Macquarie.
Palace chairman Steve Parish plans to use the cash to push through his three-year stadium redevelopment plans at Selhurst Park.
His main focus is a 100m revamp of the main stand.
But the cash will NOT go to strengthening the team to help them stay in the Premier League.
Boss Roy Hodgson has been told the club need to bring in fresh investment to plunge funds into on-the-pitch tinkering.
Developing and improving the Academy is also seen as more important, if any cash can be directed this way.
Similar financial deals with banks have been struck with other Premier League clubs as they become more and more commonplace.
Leicester did a similar deal when Manchester City signed winger Riyad Mahrez.
Bournemouth also got the cash in early with their summer transfer fees for defender Tyrone Mings, 25m from Aston Villa, and striker Lys Mousset, who went to Sheffield United for 10m.
Those clubs are using the money to pay for state-of-the-art training facilities.
Watford have also gone down this route.
Meanwhile, Palace’s USA co-owners are pushing forward with their plans to sell their 18 per cent stake in the club, claim the Evening Standard.
