Corporate Case Study
A Premier League partnership
that’s the perfect match
for Palace
Client Overview
Crystal Palace are a Premier League football club based in South London. Formed in 1905, they play at the
25,972 capacity Selhurst Park and were FA Cup finalists in 2016. Nicknamed The Eagles, Palace have made
a number of high-profile signings in recent seasons, including the purchase of Christian Benteke and the
signing of Yohan Cabaye from Paris Saint-Germain.
The Challenge
The Premier League’s global appeal and the sophisticated scouting networks of its clubs mean that player
signings can come from all over the world. This in turn means that player transfers can involve multi-million
pound payments made to clubs in various countries. For Crystal Palace, such large transactions mean they need
to achieve favourable exchange rates. Due to the nature of its player transfers, Palace’s main foreign exchange
requirement is from Sterling to Euros and, with that in mind, it’s become even more important to get the best
rates since Brexit caused a significant drop in the value of the pound.
Our Solution
Global Reach Partners are Crystal Palace’s first port of call when it comes to helping with their foreign exchange
needs. A dedicated Dealer brings in-depth market knowledge and an appreciation of the issues and challenges
faced by football clubs when making signings from overseas. A proactive approach to getting the best rates
means that contact is regularly maintained and Crystal Palace have the benefit of being able to plan ahead while
knowing that they have foreign exchange experts on hand to help.
Savings and Benefits
The expertise of Global Reach Partners has enabled Crystal Palace to benefit from competitive currency rates
when buying players from overseas. With such transfers often involving large transactions, the savings which can
be achieved can be significant when compared with high street banks. Global Reach Partners are continuing to
provide a proactive and tailored service that’s backed up by their understanding of how and when Crystal Palace
require foreign exchange.
“
Global Reach Partners understand how we work as a football club – the
transfer windows, contracts with staged payments and the need to plan
ahead while limiting exposure to changing exchange rates. My team finds
them easy to deal with and knows they’re at the other end of the phone
whenever we need them.
Phil Alexander, CEO, Crystal Palace FC
”
If you would like to speak to one of our currency experts please contact us on 020 3465 8200
020 3465 8200 | [email protected]
2nd Floor, Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Global Reach Partners is registered as a money services business for the purpose of Money Laundering Regulations with the HMRC (no. 12140164). Global Reach Partners is supervised by
the Financial Conduct Authority as a payment institution under the Payment Services Directive 2009 (FRN: 504315). Global Reach Markets Limited (formally known as Corporate FX+) is a fully
authorised Financial Services Authority firm (FRN: 526549). Global Reach Markets Limited is a wholly owned subsidiary of Global Reach Partners Limited (registered in England No. 7026070).