'Likely' - Crystal Palace chairman breaks silence on Newcastle United's failed bid to sign Marc Guehi

The Magpies identified the England defender as their number one target, submitting multiple offers - one as high as £65million including add-ons, which represented a club-record transfer for United and a sale for Palace.

Talks between the two clubs continued right up until the second last day of the summer transfer window but negotiations stalled as the Eagles’ demands reportedly exceeded £70m. 

Parish admits Palace’s stance was affected by Joachim Anderson’s £30million sale to Fulham and a knee injury another centre-back Chadi Riad in the week leading up to deadline day.

"I don't think the window worked out exactly the same format that we thought it would," Parish told Sky Sports News. "Maybe we thought at the beginning it'd be more likely that Marc Guehi went and we kept Joachim Andersen.

"We accepted that bid [for Andersen] which then made it very difficult really to sell both of our starting centre-backs in one window.

"That's not to say it wasn't still an outside possibility that we got to the right number but then Chadi Riad got injured. That doesn't look quite as bad as it seems but it still left us very light and really made it impossible for us to consider at that point.”

Although Newcastle were ultimately left frustrated, Parish hasn’t ruled out a future sale.

"We're proud of the fact that Michael Olise's gone to Bayern Munich. “We want to be selling to the top clubs, or top clubs like Newcastle who've got great aspirations and have recently been in the Champions League.

"So we have to manage all of those things. We won't get really great young talent to come to us if they think they're going to be stuck.

"We want to be playing in the Champions League. The reality is we don't right now. That's what players want to achieve in their career and we respect that and we respect the fact that sometimes we're going to be a pathway to that."