Back to the Crystal Palace Newsfeed

Crystal Palace chairman Parish: Premier League 2 could be an option

Crystal Palace chairman Steve Parish has told The Sun said the financial ramifications of relegation from the top flight are "scary" and a Premier League 2 could be an option if the gap to the Championship continues to grow.

Premier League clubs spent a record £1.165 billion during the summer transfer window on the back of the new £5bn-plus three-year broadcast deal.

However, the huge money being spent on transfers and wages comes with a grave risk to clubs likely to be fighting relegation, Parish said, adding: "The scary part for clubs paying big fees and wages is relegation.