Simon Jordan believes a lack of transfer funds may be the reason why Lucien Favre suddenly decided against joining Premier League outfit Crystal Palace, as he told talkSPORT (25 June, 10.40am).
With just a few weeks until pre-season training gets underway, three Premier League clubs still don’t have a manager in place.
But, while Everton and Tottenham appear to be making progress in their pursuit of Rafa Benitez and Nuno Espirito Santo, Palace have been thrust all the way back to square one.
The Eagles were on the verge of appointing former Borussia Dortmund, Monchengladbach and Nice coach Julien Favre as Roy Hodgson’s replacement earlier this week.
Favre has a reputation for building teams far greater than the sum of their parts, all the while developing young talent including Jadon Sancho and Marco Reus and playing an exciting brand of attacking football.
In comparison to the likes of Steve Cooper, Favre felt like a real coup for a club of Palace’s size and ambition.
But, at the eleventh hour, everything fell apart.
Why is Lucien Favre not the new Crystal Palace manager?
The Athletic reports that Favre got cold feet on Thursday night, coming to the conclusion that it was too soon to embark on a new challenge seven months after he was given his P45 by Dortmund.
Former Crystal Palace owner Jordan, however, believes there is something else at play.
“I think its money. Unless you’re a club prepared to write out cheques, everyone else is still long through the prism that there isn’t a lot of dough about,” Jordan explained.
“I know it was suggested that there was a lot of cash about (at Crystal Palace). I am slightly sceptical.
“They haven’t done it previously (spending bid on new players). When they bought Christian Benteke (in the summer of 2016), they bought him with the Yannick Bolasie money.
“I don’t think there are a lot of clubs who are going to spray money around.
“Managers have a sense of entitlement about what they should get. And unless they get exactly what they want, then you pull back and say; ‘Do I need that?’”
You can certainly see where Jordan is coming from.
Palace have brought in 19 new players since the summer of 2018 and only one of those has cost more than £10 million.
Furthermore, with so many senior stars out of contract in July, Favre might have found himself under pressure to rebuild an entire squad on something of a shoestring budget.
A tactician with his reputation and experience probably knows, deep down, that he will be offered a smoother ride elsewhere before too long.