Hodgson believes that Palace will not be able to compete in the league with current investment.
boss Roy Hodgson has claimed that his team needs a significant investment to be more successful than surviving in the Premier League.
The 73-year-old has reached the milestone of 350 Premier League appearances . He became the tenth coach to reach such a record. Since 2017, he has been managing the Palace in Selhurt Park. Palace are currently 14th in the table and a win on Monday against Brighton could bring them to a record of their best performances in 25 games, but Hodgson is under pressure over his side's recent performance.
However, he believes that his team needs investment to compete in the league.
"I do think it is difficult and important for clubs [just staying up],"
Hodgson toldSky Sports
"People need to be careful. When Alan Curbishley left Charlton many years ago, they were constantly in the top half of the table. It was because fans were not happy and thought that finishing in the top half of the Premiership wasn't enough and that they needed to kick on.
"They did, they kicked downwards and that is the only problem. You have to be careful. This is part and parcel of our football life.
"As a manager and coach or player you're going to be criticised for performances and people are going to read into things from performances that are not always there. As owners, you're also going to face a lot of criticism from time to time.
"Personally I think it is not a bad achievement for a team that has actually spent not very much money and has worked within a reasonable budget to be in the League every year.
"If people want more than that then it is going to take an enormous amount of investment because these days to get yourself into that top half of the Premier League - we can see what these clubs are spending - it is going to involve a massive expenditure."