Crystal Palace co-chairman Steve Parish will not panic buy in January transfer window
Co-owner Steve Parish insists Crystal Palace might not need to spend heavily in the January transfer window.
Manager Neil Warnock set a £7m transfer record with the signing of midfielder James McArthur, just days after his arrival, and brought in defender Zeki Fryers and strikers Kevin Doyle and Andrew Johnson.
There will be more funds available in the New Year but Parish has faith in the current squad, who are currently sitting in 15th place in the Premier League with eight points.
Palace have made some astute signings, with Marouane Chamakh, Joe Ledley and Fraizer Campbell all joining in cut-price deals, and the club will try to gain more value for money.
"There's money available - if we get the right targets," said Parish. "But sometimes you don't have to spend money.
"It's almost now like there's a league table of who's spent what. People believe that's how the real league table is going to finish.
"We will look at opportunities where we can strengthen our football club.
"We're not going to sign players and Neil won't sign players that he doesn't think are better than anybody we've got. That would upset the apple cart.
"That's not easy, signing players that are better than what you've got and then your academy kids coming through, it's not easy.
"We've built this club by taking people fundamentally that no one else wanted.
"The core group that are performing in the Premier League, for whatever reason have been undervalued."
Scott Dann has emerged as a key player after he was signed from Blackburn last January by previous boss Tony Pulis.
Palace are waiting to find out the full extent of his knee injury after he was stretchered off in Saturday’s 2-0 defeat at Hull and Parish admits he has been one of the club’s success stories.
"Scott Dann is a fantastic player. He's a much, much better player than I thought he was, I must admit," he said.
"Credit to Tony Pulis: he always liked him when he was at Birmingham.
"There's value in the market place everywhere if you look at it. Maybe sometimes you have to find it.
"That's the difference: we have to find it. It's a very imperfect transfer market.”