UEFA could pay Crystal Palace seven-figure compensation for England Euro 2024 stars
Goalie Dean Henderson, defender Marc Guehi, and attacker Eberechi Eze have been called up for the third, tenth, and second times, respectively.
The talented playmaker Adam Wharton, who spent £18 million joining Palace from Blackburn Rovers in January, is one of four players without a cap who have been included in Gareth Southgate’s initial selection.
When England arrives in Germany in less than a month, the 33-man shortlist will finally be reduced to 26.
Given the compensation plan for clubs whose stars are in the tournament, Palace supporters will be hoping that their players make the cut.
How much does Palace stand to gain from the addition of Eze, Guehi, Henderson, and Wharton in the European team?
In order to allocate funds to clubs based on the number and duration of players they fielded for the Euros, UEFA and the European Club Association first came to an agreement in 2008.
At Euro 2016, the sum jumped from approximately £27 million to over £128 million, with clubs receiving a certain amount for each day their players competed.
That daily total was £7,424, which may not seem like much in a football environment where millions are traded instead of thousands.But those fees will be worth about £900,000 to Palace if England wins the tournament and advances to the final, as the bookies believe they have every right to do.
As UEFA has now moved to a system that provides clubs an eight per cent cut of broadcast, marketing, and ticketing revenue produced at the Euros, the true figure will actually be substantially higher.
Although exact amounts are unknown, the total pot will be worth £170 million, with daily amounts scaled up for each player. This might bring Palace’s overall take-home income closer to £1.5 million.
Of course, that depends on if Southgate selects Wharton, Eze, Henderson, and Guehi for his final team.
What is the amount that the players will receive?
The FA only pays England players a meagre £2,000 for each appearance, thus the four Palace players’ combined potential earnings from Euro 2024 are capped at £14,000.
Nonetheless, England athletes have been contributing their earnings from playing for their country to the England Football Foundation, which then gives the money to other charitable organisations.
Will Palace’s FFP predicament improve with the new money?
Right now, Palace managed by Oliver Glasner is among the teams with the most headroom under financial fair play (now known as Profit and Sustainability Rules, or PSR).
All Premier League teams must exercise caution, though, as a squad cost control ratio and financial anchoring mechanism are scheduled to be implemented this summer.
According to some estimates, Palace is over budget by between £15 and £18 million for FFP, depending on the details of the soon-to-be implemented PSR system.
The compensation plan’s figures won’t change all that much, but Palace will be happy to receive what is essentially passive money from their players’ participation in Euro 2024.
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