There seems to be some confusion on the Eze transfer and it's important that fans know what we really made because otherwise the idea could be given that we are more flush than we are:
Crystal Palace sold Eberechi Eze to Arsenal for a total fee of £67.5 million, structured as a guaranteed £60 million upfront plus up to £7.5 million in performance-related add-ons.
QPR, included a 15% sell-on clause in his 2020 transfer to Palace (for up to £19.5 million, typically cited as £17 million initial plus £2.5 million add-ons). This clause entitles QPR to 15% of Palace's profit on the resale.
- Original cost to Palace: £17 million (base fee; add-ons are not always deducted for sell-on purposes, but sources confirm the profit base uses this figure).
- Profit for Palace: £67.5 million - £17 million = £50.5 million.
- QPR's percentage: 15% of £50.5 million = £7.575 million (rounded to approximately £7.6 million in some reports, but precisely £7.575 million based on the full fee).
- QPR's share if only guaranteed fee applies initially: 15% of (£60 million - £17 million) = 15% of £43 million = £6.45 million. The add-ons (£7.5 million) would add a further 15% of £7.5 million = £1.125 million once triggered, but sources treat the full £67.5 million as the basis for the clause, yielding the higher figure upfront.
Key Figures
- Sale to Arsenal: £67.5 million (total fee, including £60 million guaranteed + up to £7.5 million in add-ons).
- Original cost to Palace: £17 million (base fee paid to QPR in 2020, as confirmed for profit calculations).
- QPR's sell-on clause: 15% of Palace's profit, calculated as £7.575 million (based on the full £67.5 million sale).
Profit Calculation
- Gross profit before sell-on clause:
- Sale price: £67.5 million
- Original cost: £17 million
- Gross profit = £67.5 million - £17 million = £50.5 million
- Deduction for QPR's sell-on clause:
- QPR's share: £7.575 million (15% of £50.5 million profit)
- Net profit for Palace = £50.5 million - £7.575 million = £42.925 million
After all deductions (original cost and QPR's sell-on clause), Crystal Palace's profit on Eze is approximately £42.9 million (rounded to one decimal place). This is slightly lower than your estimate of £44 million, as the QPR sell-on clause takes a precise £7.575 million from the gross profit.If we consider only the guaranteed £60 million (excluding add-ons) for a more conservative estimate:
- Gross profit = £60 million - £17 million = £43 million
- QPR's share = 15% of £43 million = £6.45 million
- Net profit = £43 million - £6.45 million = £36.55 million
However, since sources treat the full £67.5 million as the basis for the sell-on clause (yielding £7.575 million to QPR), the £42.9 million figure is the most accurate for Palace's profit, assuming all add-ons are included in the calculation. If you meant a different deduction (e.g., agent fees or other costs).