logo
'Retaining the team's identity' is crucial for European-bound Palace

'Retaining the team's identity' is crucial for European-bound Palace

BBC News7 days ago

With Crystal Palace fans still basking in the glow of FA Cup glory, the question of what comes next looms for the south London club.On the pitch, Oliver Glasner has delivered cohesive performances juxtaposed with lingering uncertainty at boardroom level.That primarily stems from the 'will he, won't he' saga of John Textor and Eagle Football Holdings in his contrasting efforts to either sell his estimated 43% stake in the club or to purchase a working majority from the other shareholders.Fan sentiment certainly leans towards the former happening and cutting ties with this multi-club model, especially with the possible Uefa implications of having two 'Textor' or Eagle-owned clubs playing in the Europa League next season.With a summer that demands unified investment and planning - be that in new players or funding the development of the stadium - having contrasting visions and priorities from the directors would be something ideally solved in a quick fashion.The club does have books to balance, despite the anticipated added income from Europe. While we can expect some sales will have to be made, Palace are in the strongest position to negotiate with their current stars.Securing the future of a player such as Jean-Philippe Mateta and paying him at his market rate would be a luxury only extended to a club with European football to offer - and should be something the Eagles are targeting before pre-season.The backbone of the team's success has been attributed to the spirit within the camp. While all sides may lose players along the way, retaining the team's identity as they head into a historic season is key.Find more from Alex Pewter at FYP podcast, external

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

UK unemployment rises to highest level in nearly four years
UK unemployment rises to highest level in nearly four years

The Guardian

time11 minutes ago

  • The Guardian

UK unemployment rises to highest level in nearly four years

Unemployment in the UK rose in April to the highest level in almost four years, official figures showed, as tax increases introduced by Rachel Reeves added to a broader slowdown in the jobs market. In a blow for the chancellor before Wednesday's spending review, the Office for National Statistics (ONS) said the jobless rate increased to 4.6% in the three months to the end of April, up from 4.5% on the previous three-month period to hit the highest level since summer 2021. Annual growth in regular wages also slowed to 5.2%, below City economists forecasts for a reading of 5.3%. Liz McKeown, the ONS director of economic statistics, said: 'There continues to be weakening in the labour market, with the number of people on payroll falling notably. Feedback from our vacancies survey suggests some firms may be holding back from recruiting new workers or replacing people when they move on. 'Earnings growth has slowed in both cash and real terms, though it remains strong by historic standards. Public sector pay is now growing at a higher rate than wages in the private sector.' Unemployment is measured using the ONS's widely criticised labour force survey, which has suffered from collapsing response rates. Experts have argued this leaves policymakers 'flying blind', with the prospect that decisions are being taken based on flawed data. However, separate figures showed the number of workers on UK company payrolls collapsed at the fastest rate since the height of the Covid pandemic, with a monthly drop of 109,000 in May. Vacancies also fell by 63,000 over the three months to the end of May. The latest figures give the first indication of the impact of April's £25bn rise in employer national insurance contributions (NICs), affecting almost 1m businesses, as well as a 6.7% rise in the national living wage. Suren Thiru, the economics director at the Institute of Chartered Accountants in England and Wales, said: 'These figures suggest that the UK's jobs market took a damaging hit from 'Awful April', with the tough reality of sharply rising NICs and national living wage costs pushing more employers to cut staff. 'The UK's labour market is in a painful period with eye-wateringly high business costs likely to mean more job losses this year, particularly if the spending review increases the odds of more tax hikes in the autumn budget.' Sign up to Business Today Get set for the working day – we'll point you to all the business news and analysis you need every morning after newsletter promotion Businesses in typically lower-paying sectors, including hospitality, leisure and retail, had warned jobs could be hit. It comes as the Bank of England monitors the jobs market for signs of weaker conditions as policymakers consider whether to cut interest rates further after four earlier reductions in borrowing costs to 4.25%. Threadneedle Street is widely expected to keep rates on hold next week amid heightened uncertainty over the impact of Donald Trump's increasingly erratic trade wars on the world economy. Alison McGovern, the employment minister, said the government was putting in place more help for jobseekers. 'Supporting more people into work and putting more money in the pockets of working people is at the heart of our plan for change,' she said.

Unemployment rate surges to highest since 2021 as wage growth eases sharply
Unemployment rate surges to highest since 2021 as wage growth eases sharply

The Independent

time13 minutes ago

  • The Independent

Unemployment rate surges to highest since 2021 as wage growth eases sharply

Britain 's unemployment rate has hit its highest level in almost four years, according to official figures, while wage growth has eased more than anticipated as employers grapple with rising staff costs. The Office for National Statistics (ONS) reported that average regular earnings, excluding bonuses, fell to 5.2 per cent in the three months to April, a sharp decrease from 5.5 per cent in the previous three months. This is the lowest rate since the third quarter of last year. Although wage growth continues to outpace inflation, up by 2.1 per cent with Consumer Prices Index inflation taken into account, the figure fell short of expectations, with most experts having predicted a decrease to 5.3 per cent. The rate of unemployment also jumped to 4.6 per cent in the three months to April, up from 4.5 per cent in the three months to March and the highest level since the three months to July 2021. The figures also showed vacancies tumbled by 63,000 to 736,000 in the three months to May, while payroll data revealed the biggest drop for five years last month, down 109,000 to 30.2 million. It coincided with firms facing a hike in national insurance contributions in April, which had been announced in October's budget. Liz McKeown, ONS director of economic statistics, said: 'There continues to be weakening in the labour market, with the number of people on payroll falling notably. 'Feedback from our vacancies survey suggests some firms may be holding back from recruiting new workers or replacing people when they move on.'

Trump warns China ‘not easy' as trade talks enter second day
Trump warns China ‘not easy' as trade talks enter second day

Telegraph

time14 minutes ago

  • Telegraph

Trump warns China ‘not easy' as trade talks enter second day

7:34AM Good morning Thanks for joining me. Donald Trump said it was 'not easy' dealing with China but insisted he had received 'good reports' about trade negotiations between Washington and Beijing officials in London. Here is what you need to know as talks enter a second day. 5 things to start your day Apple's AI event falls flat as iPhone maker struggles | Investors sent shares downwards as Apple unveiled minor upgrades Thames Water lenders demand reprieve on fines in £17bn rescue deal | Ofwat urged to consider 'regulatory reset' after struggling utility giant hit with record penalty Nervous families freeze spending in blow to growth hopes | Fresh pressure on Rachel Reeves as retail sales rise just 1pc Miliband warned carbon capture project faces collapse without £4bn injection | Fledgling green tech has already received almost £22bn in public subsidies SNP ferry scheme suffers fresh blow after rain causes ship to flood | Glen Rosa is already behind schedule and £100m over budget What happened overnight Asian shares were mixed on Tuesday as investors kept an eye on the China-US trade talks that might help stave off a recession. A second day of talks was planned after US and Chinese officials met in London for negotiations over various issues. The hope is that they can eventually reach a deal to reduce painfully high tariffs against each other. Most of the tariff hikes imposed since Donald Trump escalated his trade war are paused to allow trade in everything from tiny tech gadgets to enormous machinery to continue. In Asian trading, Tokyo's Nikkei 225 gained 0.2pc to 38,177.71, while the Kospi in South Korea jumped 0.3pc to 2,865.24. Hong Kong's Hang Seng fell 0.2pc to 24,127.30 and the Shanghai Composite index was down 0.5pc to 3,384.47. In Taiwan, the Taiex surged 2.1pc to 22,242.14. Australia's S&P/ASX 200 advanced 0.8pc to 8,587.20. On Wall Street, the Dow Jones Industrial Average was flat, at 42,761.76, the S&P 500 rose 0.1pc, to 6,005.88. and the Nasdaq rose 0.3pc, to 19,591.24. In the bond market, the yield on benchmark 10-year US Treasury notes fell to 4.478pc from 4.494pc late on Sunday.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store