It is 112 days since Crystal Palace joined the ranks of Premier League clubs with American investment. And it is 111 days since they last won in the top flight.

Clearly, this is not what Josh Harris and David Blitzer bought into when they secured 18 per cent of the club each for £100million almost four months ago.

On the eve of the takeover, Palace were sixth in the table but since then they have badly lost their way and chairman Steve Parish today delivered an honest assessment of what had gone wrong.

“I feel dreadful for them,” Parish told Standard Sport. “As much as anything else, we want to deliver victories for them and show the faith they have shown was founded.

“We want results to turn around for them because they have invested a lot of money and put a lot of faith in me and the club. But they have been absolutely brilliant. They believe in what we are doing.

“We have had the wins in the FA Cup since they came in and fortunately they were over for one of those games, so they actually witnessed a Palace victory.”

Parish concedes mistakes have been made at Selhurst Park and says there will be a period of reflection at the end of the season before a “big summer”. He is confident Palace, who have reached an FA Cup semi-final but are now without a Premier League win since the 2-1 victory at Stoke on December 19, will steer clear of trouble.

But Parish says the club must learn from this season. “Realistically we were probably not good enough to be fifth (as they were on Boxing Day) but we are not bad enough to be where we are now,” he said.

“We are better than this. We will have learned more in the last three months about the squad, where we are and what we have got to do, than we did in the four months before that when it was going great.

“We can see the issues that we face and what we have got to do to improve. We have suffered a little bit from injuries and left ourselves short of goals on certain occasions.

“We have had Dwight [Gayle] and Connor [Wickham] injured. Maybe I have got to look at the Glenn [Murray] situation. Would Glenn have been someone we should have tried to keep at the club [Murray was sold to Bournemouth last August]?

“We have got financial constraints that we have got to work with as well. We ended up against the rules a little bit and that put pressure on us. I do not look back with regret, I just think there are a few bits and bobs we could have done differently. But we also do a lot of things right, otherwise we would not be here.

“Everybody is disappointed by what we have achieved but no one is blaming anybody, nobody is pointing fingers. Everybody is in it together and taking their share of responsibility.

“We try to learn from our mistakes. We do not run away from them. With the manager we have got and the infrastructure we have built, there are so many good things happening at the club. I really do feel the future of the club is so exciting.”

Fans were dismayed that Palace did not significantly strengthen in the winter, with free agent Emmanuel Adebayor the only arrival. However, Parish says Palace have already started planning for the summer and expects them to be busy in the transfer market.

“If you are not going forwards then you are going backwards,” he added. “There is some extraordinary talent in the Premier League. We have got to try to find some of our own on top of what we have got. It is a huge amount of work coming in the summer. But we have got a stable platform to build it on.

“There are the little nuggets out there like N’Golo Kante and Dimitri Payet that you need to uncover. There is a mindset that the more money you spend, the more chance you have of winning. It has not panned out like that this season. You cannot be frightened of spending the money if it is the right player. But it is about finding good players.”

Parish believes two wins from Palace’s remaining seven games will be enough to keep them up and it’s a crucial situation because next season the new £5.1billion Premier League TV deal kicks in.

“We need to accept that the slings and arrows of fortune mean that every now and then you take a backwards step,” he said.

“I am confident we will find our way out of the slight slump and it will become a dim and distant memory.”